Chinese Stocks Climb 2.88% Higher

The SSE Composite Index of Chinese stocks surged higher during Monday trading, as the Chinese government refrained from raising interest rates.

The index of Chinese stocks opened at 2,850.32, which was slightly above its closing level of 2,841.04 on the previous trading day.

The SSE Composite Index climbed higher during the first hour of trading and began to surge again during the last hours of Monday trading in Shanghai.

The SSE Composite Index ended the Monday trading session in Shanghai up 81.91 points, or 2.88%, at 2,922.95.

The SSE Composite Index of Chinese stocks moved between 2,847.66 and 2,923.77 during Monday trading.

Investors who would like to invest in 25 of the largest Chinese equities might want to consider the iShares FTSE/Xinhua China 25 Index (NYSE: FXI), which seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the FTSE/Xinhua China 25 index.

Those who are interested in the broader Chinese market should take a look at the SPDR S&P China ETF (NYSE: GXC), which seeks to replicate as closely as possible, before fees and expenses, the total return performance of S&P China BMI index based upon the Chinese equity market.

If you think that Chinese stocks are headed lower, consider the ProShares UltraShort FTSE/Xinhua China ETF (NYSE: FXP), which seeks daily investment results, before fees and expenses, that correspond to twice (200%) the inverse (opposite) of the daily performance of the FTSE/Xinhua China 25 Index.

Read more from Benzinga's ETF news.