By Jiahui HuangShares of Chinese entertainment company Mango Excellent Media surged to lead China's blue-chip index on Monday morning after its televised singing competition program came back on air and went viral online. That puts the stock on track for its biggest one-day jump in more than three months and leads the gains on the CSI 300 Index. The benchmark Shanghai Composite Index is 0.35% lower at 3143.58 and the Shenzhen Composite Index drops 0.6%. Mango Excellent is the parent company of state media Hunan TV, a popular entertainment outlet in China. Write to Jiahui Huang at jiahui.huang@wsj.com(END) Dow Jones NewswiresMay 12, 2024 22:42 ET (02:42 GMT)Copyright (c) 2024 Dow Jones & Company, Inc.

Source: Wall Street Journal May 13, 2024 02:50 UTC