Chinese and Hong Kong equities rally amid receding worries of a trade war

Chinese and Hong Kong equities rally amid receding worries of a trade war

On Tuesday, the Chinese stock market demonstrated a considerable soar in the results of the trading session in the face of hopes that the resumption of talks between China and the United States will help to avert a trade war.

The CSI300 index, tracking the value of securities of the leading companies traded in Shanghai and Shenzhen, headed north 1.2% getting to 3,878.82. The Shanghai Stock Exchange's Shanghai Composite Index soared 0.8%, concluding at 3.161.59.

The subindex of the financial sector CSI300 soared by 1.67%, the consumer sector leapt 1.12%, the real estate sector gained by 2.47% and the healthcare sector slumped by 0.17%.

The smaller Shenzhen index concluded with a 0.77% soar, and the index of startups ChiNext Composite inched up 0.25%.

The largest percentage jump in the Shanghai Composite index was demonstrated by the equities of Beijing Aerospace Changfeng Co Ltd – they inched up by 10.03%. Kunshan Kersen Science & Technology Co Ltd and Chemistry Engineering Co Ltd soared 10.03%.

Aurora Optoelectronics Co Ltd declined 10%. Besides this Jiangsu Lugang Culture Co Ltd and JDM JingDa Machine Ningbo Co Ltd went down respectively 9.92 and 6.07%.

The Hong Kong stock market concluded today's trading also on positive territory that was facilitated by a weakening of worries as for the beginning of a full-scale trade war.

The index of Hong Kong Stock Exchange Hang Seng inched up by 1.4% hitting 30,402.81. Additionally, the index of Chinese companies traded in Hong Kong, rallied 1.5%, ending up with 12.144.79.

Subindex, which tracks equities of energy companies as part of Hang Seng, tacked on by 0.1%, while the information technology sector soared 2.64%. In addition to this, the financial sector rallied 1.29%, while the real estate sector acquired 1.34%.

Similar

European equities dive

On Thursday, European stocks reversed early profits due to the fact UK Prime Minister Theresa May's cabinet was plunged into fresh downtime over Brexit, with cars as well as banking shares leading the divers…

Latest news

Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera