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