China stock markets veer up on consumption rise hopes


China stocks rose on Monday as investors looked past surging COVID-19 infections in the country and bet on a likely recovery in consumption trends.

Defence-related shares, meanwhile, jumped amid heightened tensions around the Taiwan Strait.

China's blue-chip CSI300 index closed up 0.4% at 3,843.49 points, while the Shanghai Composite Index gained 0.7%...