(Bloomberg) -- China's small-cap stocks are nearing a bull market.
The ChiNext Index rose 1.2% Thursday, taking its rally since a June 6 low to 19.3%. Investors have piled into technology shares, which dominate the gauge, on hopes for further monetary easing and renewed trade talks between Beijing and Washington.
Closing more than 20% above the June low would mean the ChiNext gauge meets the threshold for a technical bull market. The gauge entered a bear market in June after it fell more than 20% from an April high.
Wuhu Token Science Co. and Shenzhen Sunway Communication Co. are among leading gainers among ChiNext members this quarter, each having surged more than 45% since the end of June.
--With assistance from Amanda Wang.
To contact the reporter on this story: Fox Hu in Hong Kong at fhu7@bloomberg.net
To contact the editors responsible for this story: Lianting Tu at ltu4@bloomberg.net, David Watkins, Magdalene Fung
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