Led by advances in financials and raw materials, China’s stock markets rose by the most in two weeks, supported by evidence that the central government is buying shares to support the market, Bloomberg reported. The CSI 300 index, which tracks A-shares on both Chinese exchanges, recorded a gain of 4.5%, the most since November 19. Only two stocks fell on the 300-member index. China Construction Bank shares leapt 5.4% and China Shenhua Energy climbed 8.3% on news that coal prices are beginning to stabilize. Yunnan Copper Industry rose by the daily maximum of 10%. The Chinese benchmark index has risen 16% since November, when the central government pledged to implement a US$586 billion economic stimulus package.
You must log in to post a comment.
Yes, I would like to receive emails from China Economic Review. (You can unsubscribe anytime)
Copyright © 2018 SinoMedia Group Limited All rights reserved