China stocks were little changed on Monday, the first day of the country’s annual meeting of parliament where few surprises are expected. Investors also expect less volatility as Beijing tends to maintain stability in the markets during such key meetings.
China aims to expand its economy by around 6.5 percent this year, the same as in 2017, while pressing ahead with its campaign to reduce risks in the financial system, Premier Li Keqiang said on Monday at the opening of the annual National People’s Congress (NPC). At the close, the Shanghai Composite index was up 3.00 points or 0.1 percent at 3,254.53. The blue-chip CSI300 index was up 0.05 percent, with its financial sector sub-index gaining 0.05 percent.
The consumer staples sector was down 1.49 percent while the real estate index rose 0.33 percent and the healthcare sub-index gained 1.06 percent. The smaller Shenzhen index ended up 0.47 percent and the start-up board ChiNext Composite index was higher by 1.34 percent.
Source : Reuters