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China Stocks Extend Gains


Friday, 9 March 2018 14:54 WIB

SahamChinaIndeks Shanghai Composite


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China stocks extended gains on Friday to end the week higher, led by start-ups as investors continued to place bets on tech firms seen as the drivers of the country's "new economy", and as investors pondered the impact of U.S. tariffs.

For the day, the Shanghai Composite index was up 0.6 percent at 3,307.17, while the blue-chip CSI300 index was up 0.78 percent at 4,108.87. For the week, SSEC gained 1.6 percent, while CSI300 advanced 2.3 percent.

The start-up board ChiNext Composite index jumped 3.53 percent on Friday to a near four-month high. The index has gained 4.8 percent this week, in its fourth straight weekly gain. The largest percentage gainers in the main Shanghai Composite index were Beijing Dynamic Power Co Ltd, up 10.09 percent, followed by Xinjiang Bai Hua Cun Co Ltd gaining 10.05 percent, and Shanghai U9 Game Co Ltd up by 10.01 percent. The largest percentage losers in the Shanghai index were Guangdong Hec Technology Holding Co Ltd, down 6.62 percent, followed by Top Energy Company Ltd Shanxi losing 3.57 percent and Chongqing Iron & Steel Co Ltd down by 3.49 percent. As of 07:04 GMT, China's A-shares were trading at a premium of 28.04 percent over the Hong Kong-listed H-shares.

Source : Reuters


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