China: Stocks flat despite boost measure
[HONG KONG] Chinese shares opened flat on Tuesday morning despite a reserve requirement cut aimed at boosting the economy, after official figures showed February manufacturing activity shrank at its fastest rate in four years.
The benchmark Shanghai Composite Index edged up 0.40 points to 2,688.38.
The Shenzhen Composite Index, which tracks stocks on China's second exchange, rose 0.19 points to 1,643.55.
Hong Kong's Hang Seng Index, meanwhile, rose 0.81 per cent, or 155.4 points, to 19,267.33 in opening deals.
AFP
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
China to facilitate Hong Kong IPOs and expand Stock Connect
Global equity funds see surge in outflows as rate cut hopes fade
Israel hits back, markets react; STI down 0.4%
Oil jumps, equities fall as Iran blasts fan Middle East tensions
Tokyo: Nikkei index tumbles 3% in morning trade
Singapore shares open higher on Friday; STI up 0.2%