2021-02-10 11:40:00
CHINA INDEXES UP AGAIN
REUTERS - FEBRUARY 10, 2021 - China stocks advanced in the last trading session before the Lunar New Year holiday, with the blue-chip index scaling a more than 13-year high on Wednesday as investors cheered a continued recovery in the world’s second-largest economy.
The CSI300 index rose 1.7% to 5,781.43 points at the end of the morning session, the highest since Oct. 18, 2007, while the Shanghai Composite Index gained 1.0% to 3,640.65 points.
For the holiday-shortened week, CSI300 climbed 5.4%, while SSEC added 4.1%. The A-share market will be closed from Thursday through Feb. 17, and resume trading on Feb. 18, 2021.
China’s factory gate prices rose in annual terms in January for the first time in a year, as months of strong manufacturing growth pushed raw material costs higher. The producer price index rose 0.3% from a year earlier, the fastest pace of increase since May 2019.
Also helping sentiment, worries eased of an abrupt policy shift amid recent tight liquidity conditions, after the latest lending data.
China’s new bank loans leapt to new highs in January, boosted by seasonal demand, while broad credit growth slowed, as the central bank walks a tightrope between supporting a recovering economy and rising debt risks.
“We believe the equities market would benefit from the positive signal after expectations-beating social financing data,” analysts at Ping An Securities said in report, adding cyclical sectors and export firms would benefit from the outlook of a recovery both at home and abroad.
The Hang Seng index added 1.7% to 29,988.72 points, while the Hong Kong China Enterprises Index gained 1.8% to 11,807.38.
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Earlier:
2021, February, 8, 12:35:00
CHINA INDEXES UP
The blue-chip CSI300 index rose 1.5% to 5,564.56, while the Shanghai Composite Index added 1% to 3,532.45 points.
2021, January, 21, 14:20:00
CHINA INDEXES UP AGAIN
The blue-chip CSI300 index rose 1.6% to 5,564.97, while the Shanghai Composite Index added 1.1% to 3,621.26.
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, 13, 13:30:00
CHINA GDP WILL UP BY 7.9%
GDP growth is projected at 1.9 percent in 2020 and 7.9 percent in 2021,
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%.
