China Stocks End Up on Trade, Stimulus Hopes
Monday, 21 October 2019 14:41 WIB |
MARKET UPDATE |Shanghai compositeCSI 300Saham Cina Bursa China
China stocks closed up on Monday, on hopes China and the United States could sign a trade deal and that Beijing would continue its policy support for the economy.
The blue-chip CSI300 index rose 0.3%, to 3,880.84, while the Shanghai Composite Index added 0.1% to 2,939.62.
U.S. President Donald Trump on Friday said he thought a trade deal between the United States and China would be signed by the time the Asia-Pacific Economic Cooperation meetings take place in Chile on Nov. 16 and 17.
Chinese Vice Premier Liu He said on Saturday that China would work with the United States to address each other's core concerns on the basis of equality and mutual respect, and that stopping the trade war would be good for both sides and the world.
Source : Reuters
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