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China Stocks End Firmer On Trade Optimism; Techs Lead Gains


Monday, 28 October 2019 14:51 WIB

SahamChinaIndeks Shanghai Composite Indeks CSI


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China stocks closed higher on Monday, underpinned by gains in tech heavyweights after Beijing pledged more support for the sector, amid hopes that the Sino-U.S. negotiators were making headway in their trade talks.

The blue-chip CSI300 index ended 0.8% firmer at 3,926.59, while the Shanghai Composite Index closed up 0.9% to 2,980.05.

U.S. and Chinese officials are “close to finalizing” some parts of a trade agreement after high-level telephone discussions on Friday, the U.S. Trade Representative’s office and China’s Commerce Ministry said, with talks to continue.

Source : Reuters


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