2021-01-21 14:20:00
CHINA INDEXES UP AGAIN
REUTERS - JANUARY 21, 2021 - China stocks settled higher on Thursday, in line with other Asian markets on hopes of more stimulus from U.S. President Joe Biden’s administration to cushion the economic damage wreaked by the COVID-19 pandemic.
The blue-chip CSI300 index rose 1.6% to 5,564.97, while the Shanghai Composite Index added 1.1% to 3,621.26.
The tech-heavy start-up board ChiNext rallied 2.5%, while the STAR50 index firmed 0.1%.
Republicans in the U.S. Congress have indicated they are willing to work with the new president on his administration’s top priority, a $1.9 trillion fiscal stimulus plan, but some are opposed to the plan’s price tag.
Leading the gains, the CSI300 materials index and the CSI300 transport index advanced 2.6% and 3%, respectively.
For now, the A-share market continued to find support from a solid recovery in China’s economy and ample liquidity, Yuekai Securities said in a report.
Worries over the resurgence of COVID-19 cases kept gains in check.
China reported a rise in new COVID-19 cases despite a flurry of recent measures to contain the latest outbreak in the northeast, with Heilongjiang province recording its biggest daily increase in new patients to date.
Around the region, MSCI’s Asia ex-Japan stock index was firmer by 1.43%, while Japan’s Nikkei index closed up 0.82%.
At 0717 GMT, the yuan was quoted at 6.4614 per U.S. dollar, 0.02% firmer than the previous close of 6.463.
As of 0718 GMT, China’s A-shares were trading at a premium of 33.76% over the Hong Kong-listed H-shares.
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Earlier:
2021, January, 18, 13:05:00
CHINA INDEXES UP
The blue-chip CSI300 index rose 1.1% to close at 5,518.52, while the Shanghai Composite Index gained 0.8% to 3,596.22.
2021, January, 18, 13:00:00
CHINA OIL THROUGHPUT UP
On a metric tons basis, the December throughput went up 2.8% from November and 2.1% from a year ago to 60 million mt.
2020, December, 30, 11:05:00
CHINA INDEXES UP
The blue-chip CSI300 index rose 1.4% to 5,113.71 points, its highest close since June, 2015. The Shanghai Composite Index advanced 1.1% to 3,414.45 points.
2020, December, 29, 11:40:00
CHINA INDEXES DOWN
At the midday break, the Shanghai Composite index was down 0.33% at 3,386.14 points, while the blue-chip CSI300 index was down 0.26%.
2020, December, 28, 10:50:00
CHINA WILL OVERTAKE THE U.S.
China looked set for average economic growth of 5.7% a year from 2021-25 before slowing to 4.5% a year from 2026-30.
2020, December, 28, 10:45:00
CHINA STOCKS UP ANEW
The CSI300 index rose 0.7% to 5,078.60 by the end of the morning session, while the Shanghai Composite Index gained 0.3% to 3,406.69.
2020, December, 23, 13:00:00
CHINA SHARES UP
At the close, the Shanghai Composite index was up 0.76% at 3,382.32, while the blue-chip CSI300 index was up 0.85%. The smaller Shenzhen index ended up 0.74%.
