Stocks in Europe and Asia as well as US futures traded higher on Monday as investors bet on positive economic data from China and expect US lawmakers to pass a new stimulus package amid the rising number of Covid-19 cases.
Chinese stocks led Asian markets higher on Monday, with Hong Kong’s Hang Seng marking its best trading day since July 21, as it added more than two percent to close at 24,649.68 points. Shares trading in mainland China were also up, with the Shanghai Composite Index surging over 2.5 percent, and the Shenzhen Composite Index was around three percent higher at the close.
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