Shares of Chinese stocks such as Alibaba ( BABA 1.42%) and China-exposed stocks Estee Lauder ( EL 2.72%) and Nike ( NKE 0.64%) rallied on Monday, up 6.2%, 5.2%, and 2.9%, respectively, as of 2:20 p.m.
In mainland China, China Mobile, the country's largest wireless carrier, rose as much as 5.1% early Monday. China Telecom briefly surged 10%, the maximum daily rise allowed in mainland China's market, ...