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2021-03-10 12:05:00

CHINA INDEXES UPDOWN

CHINA INDEXES UPDOWN

REUTERS - MARCH 10, 2021 -  China’s blue-chip shares closed higher on Wednesday, a day after it hit a near 3-month low, although gains were capped by lingering concerns of policy tightening as the economy recovers.

The blue-chip CSI300 index ended 0.66% higher, led by a 2.63% jump in its healthcare sub-index and a 1.94% gain in the consumer staples sector.

The financial sector sub-index was lower by 0.61%, while the real estate index fell 1.06%.

The Shanghai Composite index closed down 0.05% at 3,357.74.

The smaller Shenzhen index ended up 0.21% and the start-up board ChiNext Composite index was higher by 1.642%.

China’s factory gate prices rose at the fastest pace since November 2018 in February as manufacturers raced to fill export orders, raising expectations for robust growth in the world’s second-largest economy in 2021.

On Tuesday, China’s benchmark Shanghai Composite index stood on the precipice of a correction as investors wrestled with the prospect of tighter policy and a slowing economic recovery.

Around the region, MSCI’s Asia ex-Japan stock index was firmer by 0.19%, while Japan’s Nikkei index closed up 0.03%.

At 0709 GMT, the yuan was quoted at 6.508 per U.S. dollar, 0.01% firmer than the previous close of 6.5084.

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Tags: CHINA, INDEXES, SHARES, STOCKS, BONDS