China: Stocks gain as central bank head reassures on economy
[HONG KONG] Chinese stocks rose on Friday, with Shanghai clawing back heavy losses from the previous day as the head of the central bank sought to shore up confidence in the world's number two economy.
The benchmark Shanghai Composite Index gained 0.69 per cent, or 18.81 points, to 2,760.06. On Thursday, it closed down more than six per cent.
The Shenzhen Composite Index, which tracks stocks on China's second exchange, added 0.68 per cent, or 11.84 points, to 1,750.51.
In Hong Kong, the Hang Seng Index rose 1.87 per cent, or 353.73 points, to 19,242.48 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
Singapore stocks track Wall Street gains on Tuesday; STI up 1.5%
UBS lifts Chinese stocks to overweight in rare upgrade call
Asia: Most markets rise with earnings, US data in view
Singapore banks lead market surge again on easing Middle East tensions; STI up 1%
Stocks to watch: Clar, Keppel Reit, ESR-Logos Reit, Nanofilm, LHN
Europe: Stocks rebound after last week’s selloff, eyes on earnings and data