The S&P 500 crossed above its January 2022 peak after weeks of wavering. Investors have been buying stocks after homing in on signals that the Fed’s campaign of raising interest rates is over.

Between February 2022 and March 2023, China’s four largest banks increased their total investments in the Russian banking sector more than fourfold, from $2.2 billion to $9.7 billion, The Financial Times reported on Monday, citing data from experts at the Kyiv School of Economics.