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Shanghai Composite Rises 1.3%; Kweichow Moutai Leads


Tuesday, 21 August 2018 14:44 WIB

Indeks Shanghai CompositeSaham Cina Shanghai compositeCSI 300 Blue-Chip


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China's benchmark stock index, which briefly dipped under its 2016 low yesterday, extended gains Tuesday for its biggest two-day advance in four weeks.

The Shanghai Composite index rose for the second day, rose 1.3 percent, or 35.36 to close at 2,733.83 in Shanghai. The move was the biggest since rising 1.8 percent on Aug. 9. CSI 300 Index jumped 1.8 percent to 3,326.65 at close.

Kweichow Moutai Co. contributed the most to the index gain, increasing 4.1 percent. Beih-Property Co. had the largest increase, rising 10.1 percent.

Today, 1218 of 1478 shares rose, while 205 fell; all sectors were higher, led by industrial stocks.

The Chinese yuan strengthened against the U.S. dollar to 6.8432 from 6.8577.

The benchmark 10-year bond fell and the yield rose 0.2 basis points to 3.650 percent.

Source: Bloomberg


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