China stocks rebounded on Tuesday, aided by robust gains in shares of real estate and healthcare firms, as worries of an imminent trade war eased. The tech-heavy start-up index, ChiNextp, closed at a five-week high, recouping most of its lost ground since late January, as the country plans new share issue option to bring tech giants home.
At the close, the Shanghai Composite index was up 1 percent at 3,289.64. The blue-chip CSI300 index was up 1.2 percent, with its financial sector sub-index gaining 1.62 percent. Consumer staples sector was down 0.05 percent while the real estate index rose 4.31 percent and healthcare sub-index gained 2.17 percent. The smaller Shenzhen index ended 1.17 percent higher and the start-up board ChiNext Composite index was firmer by 0.11 percent.
Source : Reuters