SHANGHAI, Nov 16 (Reuters) - China stocks ended higher on Monday after upbeat data pointed to a continued recovery in the world’s second-largest economy, with the establishment of a China-backed trade bloc aiding sentiment.
The blue-chip CSI300 index rose 1.0%, to 4,904.17, while the Shanghai Composite Index gained 1.1% to 3,346.97 points.
The tech-heavy start-up board ChiNext added 0.2%, while the Shanghai STAR50 index rose 0.7%.
China’s factory output rose faster-than-expected in October and retail sales continued to recover although at a slower-than-forecast pace.
Investors also welcomed the establishment of a China-backed trade bloc that excludes the United States.
Fifteen Asia-Pacific economies formed the world’s largest free trade bloc on Sunday, which had left a rival Asia-Pacific grouping under President Donald Trump.
Original article:
Telah diedit 16 Nov 2020, 17:19
Peringatan: Pendapat yang disampaikan sepenuhnya merupakan milik penulis dan tidak mencerminkan posisi resmi Followme. Followme tidak bertanggung jawab atas keakuratan, kelengkapan, atau keandalan informasi yang disediakan, serta tidak bertanggung jawab atas tindakan apa pun yang diambil berdasarkan konten ini, kecuali dinyatakan secara tertulis.
Tinggalkan pesan Anda sekarang