Beijing - China's main stock market soared by nearly 5 per cent on Monday amid a widespread rally led by state-run financial, aviation and property firms, and speculation that the government may try to bolster the real-estate sector.
The key Shanghai Composite Index, which tracks shares traded in local and foreign currency, gained 122.65 points, or 4.59 per cent, to close at 2,792.54.
The smaller Shenzhen Component Index also gained 3.96 per cent, while only eight stocks fell of the 1,581 listed on the two markets.