China: Stocks close up on bargain hunting
[SHANGHAI] China stocks closed up on Thursday, the first rise this week, as investors returned to the market in search of bargains.
Although Hong Kong's Hang Seng Index and the Euro Stoxx have been up 1.7 per cent and 0.7 per cent respectively over the past week, China's CSI300 is down for the week in what analysts say is a reaction to uncertain domestic economic conditions.
The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 0.5 per cent, to 3,252.52, while the Shanghai Composite Index gained 0.4 per cent, to 3,039.01 points.
REUTERS
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
South Korea’s probe alleges 211.2 billion won of illegal short trades
Asia: Markets build on rally as US jobs data boost rate cut hopes
Zero-day options boom will only grow even as some investors fear disaster
Singapore stocks open in the black on Monday; STI up 0.3%
Stocks to watch: Singtel, Venture Corp, ARA H-Trust, YHI International, LHN
Europe: Shares end higher on tech support; banks slide