DJIA27691.49
LIVE-0.07(-0.00%)
NDX8263.79
LIVE21.88(0.27%)

China Shares Jump by Most in More Than 3 Years as Trump Delays Tariffs


Monday, 25 February 2019 14:51 WIB

SahamChinaIndeks Shanghai Composite


c_740_198_16777215_00_images_assets_CHINA_Asian-stock-market-rally.jpg

Chinese stocks posted their biggest single-day gains in more than three years on Monday after U.S. President Donald Trump said he would delay an increase in tariffs on Chinese goods thanks to “productive” trade talks.

Trump said that he and Chinese President Xi Jinping would meet to seal a deal if progress continued.

China’s Shanghai Composite index surged 5.6 percent to end the day at 2,961.28 points, its highest close since June 15, 2018 and the strongest daily percentage gain since July 9, 2015.

The blue-chip CSI300 index also posted its biggest one-day rise since July 9, 2015, ending 5.9 percent higher at 3,729.48 points, the highest closing level since June 15.

After falling more than 11 percent in the fourth quarter of 2018 due to concerns about slowing domestic growth and the trade war, the Shanghai Composite index has staged a rebound in 2019. As of Monday’s close, it is up 18.7 percent so far this year. The CSI300 has gained 23.9 percent in the year to date.

Source : Reuters


RELATED NEWS

  • Hong Kong stocks ended with gains Tuesday, clawing back some of the hefty losses from the previous day but traders remained on edge as the city was hit by fresh protests that blocked key roads and shu...
  • The benchmark S&P 500 stock index notched a modest gain after earlier hitting a record high on Tuesday as President Donald Trump said the United States is close to signing an initial trade deal wi...

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.