Shanghai Stocks Hit 10-Year High While Hong Kong Crypto ETFs Sink

Shanghai Stocks Hit 10-Year High While Hong Kong Crypto ETFs Sink

Shanghai stocks surged to a decade high on Iran conflict trades, widening the gap with Hong Kong crypto ETFs and dimming hopes for Chinese capital inflows.

Shanghai's benchmark index surged to its highest close in a decade on Monday, as Chinese investors piled into energy, gold, and defense stocks in the wake of the Iran conflict further underscoring wh… [+4690 chars]