Jump in Chinese Stock Turnover Signals Animal Spirit Revival

Signs are emerging that Chinese stocks are shaking off a spell of low volatility and weak sentiment.

Turnover on mainland exchanges reached 1.6 trillion yuan ($223 billion) on Wednesday. That was the highest since April 10, when a selloff triggered by US tariffs prompted Chinese state funds to step in. The uptick in enthusiasm is also evident in a rally among brokerage shares, a sector that typically performs well during bull markets.

The CSI 300 Index is headed for its best week since Nov. 8, with East Money Information Co. and Hithink RoyalFlush Information Network Co. among the best performers. ...