Shanghai shares rises on stimulus hopes; all eyes on Trump-Xi meeting

Monday, 17 June 2019 15:13 WIB

Saham Cina Shanghai compositeCSI 300 Blue-Chip


Chinese stocks ticked up on Monday on expectations of further policy support, but trading remained subdued as investors awaited cues from the U.S.-China trade negotiations at the G20 summit later this month.

At the close, the Shanghai Composite index was up 0.2% at 2,887.62, while the blue-chip CSI300 index was flat. CSI300's financial sector sub-index ended 0.4% higher, the consumer staples sector lost 1%, the real estate index was down 0.3% and healthcare shares gained 0.4%.  The smaller Shenzhen index ended down 0.2% and the start-up board ChiNext Composite index was weaker by 0.8%.

U.S. President Donald Trump said on Friday “it doesn't matter” if Chinese leader Xi Jinping attends the G20 summit later this month, predicting a trade deal with Beijing would occur at some point anyway.

Source : Reuters


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