China Shares Edge Higher in Cautious Trade as Tariff Comment Deadline Expires
Friday, 7 September 2018 14:55 WIB | MARKET UPDATE |SahamChina Indeks CSI

Stocks in China ended higher on Friday, but the Shanghai Composite index and blue-chip shares closed lower for the week, as a deadline for public comments on fresh U.S. trade tariffs expired.

At the close, the Shanghai Composite index was up 10.71 points or 0.4 percent at 2,691.59. The index is down 0.8 percent for the week. The blue-chip CSI300 index ended 0.45 percent higher, but was down 1.7 percent for the week.

The CSI300 financial sector sub-index rose 0.8 percent and the real estate index ended up 0.94 percent.

The Trump administration is ready to move ahead with a next round of tariffs on $200 billion worth of Chinese imports after a public comment period ended at midnight in Washington on Thursday (0400 GMT Friday), but the timing is uncertain, people familiar with the administration™s plans told Reuters.

Source : Reuters

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