Wednesday, 6 March 2019 15:23 WIB |
MARKET UPDATE |Saham Cina Shanghai composite
China stocks climbed on Wednesday to nine-month closing highs, bolstered by hopes Beijing would pursue more stimulus this year to underpin the cooling economy, even as investors watched for developments in Sino-U.S. trade talks.
The blue-chip CSI300 index rose 0.8 percent to 3,848.09, its highest close since May 23, 2018, while the Shanghai Composite Index closed up 1.6 percent at 3,102.10 points, its highest close since June 7, 2018.
China's state planner said on Wednesday the government would implement measures to further boost domestic consumption this year.
Beijing announced billions of dollar in tax cuts and infrastructure spending on Tuesday to reduce the risk of a sharper economic slowdown.
Source : Reuters