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China: Shanghai stocks end higher on stimulus bets

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Shanghai stocks ended more than one per cent higher on Tuesday as traders bet on further economic stimulus measures after data showed third-quarter growth at a six-year low.

[HONG KONG] Shanghai stocks ended more than one per cent higher on Tuesday as traders bet on further economic stimulus measures after data showed third-quarter growth at a six-year low.

The benchmark Shanghai Composite Index gained 1.14 per cent, or 38.63 points, to 3,425.33, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, jumped 1.97 per cent, or 38.84 points, to 2,008.48.

But in Hong Kong, the Hang Seng Index eased 0.37 per cent, or 86.39 points, to 22,989.22.

AFP

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