SHANGHAI, Feb 19 (Reuters) – China shares opened higher on Monday as investors returning from the week-long Lunar New Year break snapped up tourism and film-maker stocks on the back of buoyant holiday spending data. Traders were also inspired by last week’s robust performance in Hong Kong stocks and U.S.-listed Chinese companies. Some also bet the government will roll out more measures soon to support China’s struggling economy and the market. China’s blue-chip CSI300 Index opened 0.8% higher, while the Shanghai Composite Index climbed 0.7%. Tourism revenues in China during the Lunar New Year holiday surged 47.3% from a year earlier, official data showed on Sunday. Meanwhile, China’s box office revenue exceeded 8 billion yuan ($1.11 billion) during the eight-day…
Published Date: 2024-02-19
Source: Market Screener
Categories: Society, Religion and Spirituality, Falun Dafa, Business