China Shares End Up as Investors Keep The Faith Despite Trump Mixed Trade Signals

Thursday, 5 December 2019 14:53 WIB

SahamChinaCSI 300


Chinese shares rose on Thursday, lifted by renewed hopes that China and the United States may be closer to a “phase one” trade deal to end a bitter tariff war that has dragged on since the middle of last year.

At the close, the Shanghai Composite index was up 0.74% at 2,899.47. It has gained 1.48% since hitting more than three-month lows on Tuesday.

The blue-chip CSI300 index was up 0.77%, with its financial sector sub-index higher by 0.74%, the consumer staples sector up 0.24%, the real estate index down 0.11% and the healthcare sub-index up 0.96%.

U.S. President Donald Trump said talks with China were going “very well,” a day after spooking markets by saying a deal might have to wait until after the 2020 presidential election.

But a harsh response from Chinese officials and state media to the U.S. House of Representatives passing the Uighur Act of 2019, which calls for a tougher response to Beijing’s treatment of its Uighur Muslim minority, illustrates continued uncertainty in the countries’ relationship.

Source : Reuters