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China stocks halt week-long losses on firmer yuan


Thursday, 8 August 2019 14:51 WIB

SahamChinaIndeks Shanghai CompositeCSI 300


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Shares in China ended six straight sessions of losses on Thursday as the yuan staged a small recovery, which calmed fears in global markets of a full-blown Sino-U.S. currency war.

At the close, the Shanghai Composite index was up 0.9% at 2,794.55, while the blue-chip CSI300 index rose 1.3%.

CSI300's financial sector sub-index was higher by 1.4%, the consumer staples sector climbed 1.6%, the real estate index was up 0.2% and the healthcare sub-index was up 1.7%. The smaller Shenzhen index ended up 1% and the start-up board ChiNext Composite index was higher by 1.5%.

China's central bank on Thursday set its official yuan midpoint below the key 7/dollar threshold for the first time since the 2008 global financial crisis.

Source : Reuters


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