Energy stocks led the advance in Shanghai. China Coal Energy (SHA:601898) and China Shenhua Energy (SHA:601088) were among the best five large cap components of the index. An indication of the strength of the rally: each and every stocks among the 50 largest components of the Shanghai Composite Index (SHA:000001) advanced.
China stocks did well in Hong Kong for the Hang Seng China Enterprise Index (INDEXHANGSENG:.HSCEI) surged 2.75%, far outperforming the broad Hang Seng Index (INDEXHANGSENG:.HSI). Most components of the Xinhua 25 China Index advanced, boding well for the iShares FTSE/Xinhua China 25 Index (NYSE:FXI). Financial and telecom stocks lacked momentum as investors snapped up riskier assets.