MSCI’s broadest index of Asia-Pacific shares outside Japan peaked at their highest since February 2023 and last gained 0.53%, while China’s blue-chip index jumped 1.5%.
Chinese shares offshore posted strong gains last week while mainland markets were closed from Wednesday to Friday for the Labour Day holiday.
Hong Kong’s Hang Seng Index rose 4.7% last week and on Friday clocked its longest daily winning streak since 2018. It was last down 0.1%.
The Nasdaq-listed Golden Dragon China Index jumped 5.5% last week.
Similarly, in currency markets, the onshore yuan had a catch-up rally and surged to a six-week high of 7.2009 per dollar,…
