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China Stocks Gain on Policy Support


Tuesday, 5 March 2019 15:27 WIB

SahamChinaIndeks Shanghai Composite Indeks CSI


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Chinese stocks rose on Tuesday after Beijing unveiled plans to cut taxes and increase public expenditure and lending to rev up its slowing economy.

At the close, the Shanghai Composite index was up 0.9 percent at 3,054.25 points, while the blue-chip CSI300 index rose 0.6 percent.

CSI300's financial sector sub-index was lower by almost 0.1 percent, the consumer staples sector was flat, while healthcare shares rose 0.6 percent.

The smaller Shenzhen index ended up 2.3 percent and the start-up board ChiNext Composite index was higher by 3.5 percent.

Source : Reuters


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