China Stocks Recoup Losses after Trade Envoy Confirms U.S. Visit
Tuesday, 7 May 2019 15:19 WIB |
MARKET UPDATE |Saham Cina Shanghai composite
Shares in China climbed on Tuesday after Beijing said it is sending its top official to the United States this week for trade talks, despite the White House threatening fresh tariffs.
The markets managed to claw back some of the losses from Monday's sell-off following this announcement.
At the close of market hours, the Shanghai Composite index was up 0.7 percent at 2,926.39, and the blue-chip CSI300 index was up 1 percent.
CSI300's financial sector sub-index was higher by 0.4 percent, the consumer staples sector rose 1.3 percent, the real estate index climbed 2.2 percent and healthcare shares were up 1.6 percent.
The smaller Shenzhen index ended up 1.6 percent and the start-up board ChiNext Composite index was higher by 0.6 percent.
Source : Reuters