DJIA27171.90
LIVE17.70(0.07%)
NDX7905.12
LIVE70.22(0.90%)

China stocks have best day in 7 weeks as Xi's speech eases trade war fears


Tuesday, 10 April 2018 14:58 WIB

SahamChinaCSI 300 Blue-Chip


c_740_198_16777215_00_images_assets_CHINA_Asian-stock-market-rally.jpg

China's stock markets rallied on Tuesday as President Xi Jinping's vow to further open up the economy soothed fears of a trade war with the United States.

The blue-chip CSI300 index rose 1.9 percent, to 3,927.17 points, while the Shanghai Composite Index gained 1.7 percent to 3,190.32, in their best single-day performance in seven weeks.

Xi pledged on Tuesday to open the country’s economy further to foreign investors and lower import tariffs on products including cars, in a speech seen as an attempt to defuse an escalating trade dispute with Washington.

While most of the pledges were reiterations of long-promised measures and were short on specifics, markets believed they signalled some room for a possible compromise with Washington.

Source : Reuters


RELATED NEWS

  • Tokyo's benchmark Nikkei index jumped nearly 1 per cent on Tuesday as chip-related shares surged, taking a positive lead from rallies in US tech stocks. The Nikkei 225 index rose 0.95 per cent, or 20...
  • Hong Kong stocks kicked off on Tuesday with a small gain following the previous day's big losses, with eyes on the corporate earnings season that is in full swing in the United States. The Hang Seng ...

POPULAR NEWS

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.