China Stocks End Near Three-Month High on Policy Support
Wednesday, 23 October 2019 14:56 WIB | MARKET UPDATE |CSI 300Indeks Shanghai CompositeSahamChina

Chinese stocks rose on Tuesday to their highest in nearly three months, as a series of government measures and improving economic data revived investor appetite for riskier assets, but thin volumes indicated that confidence remained fragile.

The blue chip CSI300 index rose 1.3 percent, to 3,264.49, while the Shanghai Composite Index gained 1.4 percent, to 3,053.07 points. Both indexes closed at their highest since Jan. 8.

Beijing has unveiled policies to aid China's struggling economy, including more infrastructure investment, tax reforms and plans for debt-to-equity swaps to help ease banks' troubled loan portfolios.

Source : Reuters

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