Major mainland Chinese stock indices have now recouped losses suffered since January 23, when a citywide quarantine in Wuhan, capital of the central Hubei province, effectively kicked off a three-month lockdown in many parts of the country.The markets rose after US stocks gained overnight on hopes an effective coronavirus vaccine made by a recognised company could be available soon. The Shanghai Composite Index and the Shanghai A Share Index both closed on Thursday above their pre-Covid-19 levels, while two benchmarks in Shenzhen soared to their highest closes since then. The first major economy to enter a lockdown, China is also the first to slowly recover from it.The Shanghai Composite advanced 2.1 per cent to 3,090.57, its highest level in five-and-a-half months, and the Shenzhen Composite Index added 1.3 per cent to 12,269.49, its biggest gain in four-and-a-half years. Transaction volumes in Shanghai and Shenzhen crossed one trillion yuan (US$141.5 billion) for the first time in four months, according to Wind Information.Global Impact newsletter on the big stories originating in China." data-reactid="14">Get the latest insights and analysis from our Global Impact newsletter on the big stories originating in China.,
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