HONG KONG — Mainland Chinese stock markets reopened on a positive note on Monday following a 10-day Lunar New Year break. Better-than-expected data on holiday travel and spending seems to have supported the markets, but momentum has been limited due to lingering wariness over China’s weak economic fundamentals.
The benchmark Shanghai Composite Index, covering the entire Shanghai market, closed at 2,910.54, up 1.6% from the close on Feb. 8. The CSI 300, which tracks major selected shares from both Shanghai and Shenzhen, ended the trading day at 3,403.81, up 1.2% from before the holiday break.
