(Yicai Global) Nov. 9 -- Stocks traded on China’s mainland gained as investors hope the United States will bring in a new economic stimulus package following the country’s presidential election.
The Shanghai Composite Index closed 1.86 percent higher today at 3,373.7, while the Shenzhen Component Index surged 2.19 percent to 14,141.15. The ChiNext Price Index, which tracks growth firms listed in Shenzhen, soared 2.96 percent to 2,814.
Democratic presidential candidate Joe Biden has proposed a stimulus plan for the world’s largest economy. Investors believe Biden has managed to shoehorn his way into the White House, though the poll result is still officially up in the air.