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China Stocks Advance as Banks and Developers Offset Trade Woes


Wednesday, 7 March 2018 10:24 WIB

SahamChinaIndeks Shanghai Compositechina stock


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Chinese stocks rise for a third day, with rallies by banks and developers offsetting concern about a global trade war as White House economic adviser Gary Cohn resigns and the Trump administration is said to consider broad curbs on China imports.

Shanghai Composite Index rises 0.3% as of 10:45am local time, taking gain this week to 1.4%

ChiNext Index falls 0.2%, trimming week’s advance to 1.2%

Hang Seng Index swings between gain of 0.5% and loss of 0.6%; the gauge is experiencing wildest trading since 2016. Hang Seng China Enterprises Index +0.3%

China Construction Bank +2.2%, ICBC +1.9%, Bank of China +1.2%. Bank of Ningbo +3.8%, China Merchants Bank +2.9%, Bank of Nanjing +2.7%, among best performers on CSI 300 Index

Source : Bloomberg


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