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China stocks reverse losses, end higher as banks jump


Monday, 5 February 2018 14:42 WIB

Indeks Shanghai CompositeSaham Cina Shanghai compositeCSI 300 Blue-ChipShenzhen Composite Index


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China stocks recouped early losses sparked by a slide on Wall Street and ended higher on Monday, underpinned by robust gains in banking and transport shares that offset a slump in consumer shares.

Sentiment was also lifted by a private survey showing China’s services sector got off to a flying start in 2018, expanding at its fastest pace in almost six years.

At the close, the Shanghai Composite index was up 25.30 points or 0.73 percent at 3,487.38.

The blue-chip CSI300 index was up 0.06 percent, with its financial sector sub-index higher by 1.75 percent, the consumer staples sector down 3.77 percent, the real estate index up 0.29 percent and healthcare sub-index down 1.42 percent.

The smaller Shenzhen index ended down 0.84 percent and the start-up board ChiNext Composite index was weaker by 0.83 percent.

Source: Reuters


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