Shanghai stocks rebound as Beijing talks up policy boost
Thursday, 13 June 2019 16:02 WIB |
MARKET UPDATE |Saham Cina Shanghai composite
Shanghai stocks recovered from early losses to end steady on Thursday on hopes Beijing will roll out further measures to bolster the economy amid a bruising trade war with Washington.
The blue-chip CSI300 index ended a tick down at 3,685.39, while the Shanghai Composite Index closed flat at 2,910.74 points.
Chinese regulators should step up support for the economy and keep ample liquidity in the financial system, Vice Premier Liu He said on Thursday, suggesting Beijing would soon unveil more policies to bolster growth amid rising U.S. trade pressure.
So far this year, the Shanghai stock index is up 16.7% and the CSI300 rose 22.4%, while China's H-share index listed in Hong Kong is up 2.9%. Shanghai stocks climbed 0.42% so far this month.
Source : Reuters
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