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China Stocks End Week Higher on Trade, Tech Boost


Friday, 26 July 2019 15:41 WIB

SahamChina Indeks CSI


c_740_198_16777215_00_images_assets_CHINA_88china_stocks.jpg

China’s major stock indexes climbed on Friday to end the week higher, led by gains in tech firms, as investors cheered a revival in trade hopes and Beijing’s continued tech push.

Most stocks on the newly launched STAR Market dropped on Friday, though they managed to post huge gains for the first week of trading, as investors were encouraged by Beijing’s boldest move yet towards a less-regulated market for initial public offerings (IPOs) and stock trading.

The blue-chip CSI300 index ended up 0.2% at 3,858.57 points, while the Shanghai Composite Index added 0.2% to 2,944.54 points, both up for a fourth consecutive session.

For the week, CSI300 gained 1.3%, while SSEC climbed 0.7%.

Source : Reuters


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