China stocks end firmer as weak data bolsters stimulus hopes

Thursday, 14 November 2019 14:48 WIB

Bursa ChinaShanghai composite


China shares rebounded from six-month lows to end higher on Thursday after data reflecting a sharper slowdown in industrial activity in October reinforced expectations that Beijing will introduce fresh measures to support economic growth.

At the close, the Shanghai Composite index was up 0.16% at 2,909.87. In the previous session, the index hit its lowest closing in more than six weeks. The blue-chip CSI300 index ended 0.15% firmer, with its financial sector sub-index lower by 0.3%, the consumer staples sector up 0.01%, the real estate index ended down 0.17% and the healthcare sub-index closed 1.51% higher.

China’s industrial production rose 4.7% year-on-year in October, significantly slower than expected on weakness in global and domestic demand, and as a drawn-out trade war with the United States weighed on activity. The smaller Shenzhen index ended up 0.61%, while the start-up board ChiNext Composite index closed higher by 0.642%.

Source: Reuters


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