China's stock exchange-traded T-bonds ended up Monday amid investors' strong demand for safe-haven assets.
The Government Bond Index on the Shanghai Stock Exchange (SSE) closed up 0.06 percent at 149.72 points. Turnover swelled 84.53 percent to 352.47 million yuan. Due to the gloomy domestic stock market, investors tended to rush into local bond market in a bid to lower risks, which to some extent beefed up the bond market. SSE Corporate Bond Index ended up 0.06 percent at 188.56 points Monday.
Turnover expanded 18.71 percent to 2.03 billion yuan. SSE-quoted convertibles diverged on Monday with 3 advancers and 2 decliners. Shanghai Composite Index gained 2.41 percent to close at 3,775.91 points on the same day.