Monday, 24 December 2018 17:33 WIB |
MARKET UPDATE |The Shanghai Composite IndexSaham Cina Shanghai compositeChiNext
China stocks rose on Monday as Beijing vowed to step up support for the economy next year amid a lingering trade war with the United States.
China will increase support for the economy in 2019 by cutting taxes and keeping liquidity ample, the official Xinhua news agency said, following an annual meeting of top leaders.
The blue-chip CSI300 index rose 0.3 percent, to 3,038.20, while the Shanghai Composite Index gained 0.4 percent to 2,527.01 points.
The CSI300 financial sector sub-index was lower by 0.39 percent, the consumer staples sector up 0.67 percent, the real estate index down 0.69 percent and the healthcare sub-index up 2.57 percent.
The smaller Shenzhen index ended up 0.86 percent and the start-up board ChiNext Composite index was higher by 1.104 percent.