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China Stocks Extend Gains on Policy Hopes


Thursday, 16 May 2019 15:19 WIB

SahamChinaIndeks Shanghai Composite Indeks CSI


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China stocks ended higher on Thursday, extending a strong rally in the previous session, as Beijing is expected to roll out more stimulus to shore up the world’s second largest economy amid external uncertainties.

The blue-chip CSI300 index rose 0.5%, to 3,743.96, while the Shanghai Composite Index closed up 0.6% at 2,955.71.

The strength in the stock market after weak April activity data indicated that the expectations of economic data and policy support are more important than actual readings, Northeast Securities said in a note.

Source : Reuters


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