AGL 8.00 Decreased By ▼ -0.15 (-1.84%)
ANL 11.32 Increased By ▲ 0.23 (2.07%)
AVN 83.45 Decreased By ▼ -0.25 (-0.3%)
BOP 5.85 No Change ▼ 0.00 (0%)
CNERGY 5.85 Increased By ▲ 0.20 (3.54%)
EFERT 80.10 Decreased By ▼ -0.12 (-0.15%)
EPCL 67.29 Increased By ▲ 0.01 (0.01%)
FCCL 15.20 No Change ▼ 0.00 (0%)
FFL 7.04 Decreased By ▼ -0.19 (-2.63%)
FLYNG 7.77 Decreased By ▼ -0.29 (-3.6%)
GGGL 11.90 Decreased By ▼ -0.10 (-0.83%)
GGL 17.65 Decreased By ▼ -0.06 (-0.34%)
GTECH 9.18 Increased By ▲ 0.40 (4.56%)
HUMNL 7.20 Decreased By ▼ -0.03 (-0.41%)
KEL 3.50 Decreased By ▼ -0.24 (-6.42%)
LOTCHEM 30.95 Decreased By ▼ -1.15 (-3.58%)
MLCF 28.52 Decreased By ▼ -0.48 (-1.66%)
OGDC 85.20 Decreased By ▼ -0.85 (-0.99%)
PAEL 17.11 Decreased By ▼ -0.29 (-1.67%)
PIBTL 6.15 Decreased By ▼ -0.15 (-2.38%)
PRL 19.84 Increased By ▲ 0.74 (3.87%)
SILK 1.29 Increased By ▲ 0.10 (8.4%)
TELE 12.05 Decreased By ▼ -0.20 (-1.63%)
TPL 9.16 Decreased By ▼ -0.02 (-0.22%)
TPLP 20.19 Decreased By ▼ -0.51 (-2.46%)
TREET 27.10 Increased By ▲ 0.15 (0.56%)
TRG 97.30 Decreased By ▼ -0.45 (-0.46%)
UNITY 22.83 Decreased By ▼ -0.17 (-0.74%)
WAVES 13.29 Decreased By ▼ -0.81 (-5.74%)
WTL 1.45 Increased By ▲ 0.14 (10.69%)
BR100 4,361 Decreased By -27.2 (-0.62%)
BR30 16,009 Decreased By -90.5 (-0.56%)
KSE100 43,482 Decreased By -195.1 (-0.45%)
KSE30 16,476 Decreased By -56.6 (-0.34%)
Markets

China, Hong Kong stocks climb on stimulus hopes

  • Leading the gains, both CSI300 materials index and the CSI300 transport index jumped 3.1% each.
Published January 21, 2021

SHANGHAI: China stocks climbed on Thursday, in line with gains in other Asian markets, on hopes of more economic stimulus from newly inaugurated U.S. President Joe Biden to offset damage wreaked by the COVID-19 pandemic.

The CSI300 index rose 1.8% to 5,573.39 at the end of the morning session, while the Shanghai Composite Index gained 1.3% to 3,629.61.

The tech-heavy start-up board ChiNext rallied 2.2%, while the STAR50 index firmed 0.6%.

Republicans in the U.S. Congress have indicated they are willing to work with the new president on his administration's top priority, a $1.9 trillion fiscal stimulus plan, but some are opposed to the plan's price tag.

Leading the gains, both CSI300 materials index and the CSI300 transport index jumped 3.1% each.

For now, the A-share market continued to find support from a solid recovery in China's economy and ample liquidity, Yuekai Securities noted in a report.

In Hong Kong, the Hang Seng index gained 0.2% to 30,012.19, while The Hong Kong China Enterprises Index was unchanged at 11,947.49.

Leading the gains, the Hang Seng materials index jumped 3.3%.

Around the region, MSCI's Asia ex-Japan stock index was firmer by 1.43% while Japan's Nikkei index was up 0.90%.

The yuan was quoted at 6.4605 per U.S. dollar, 0.04% firmer than the previous close of 6.463.

As of 04:10 GMT, China's A-shares were trading at a premium of 32.99% over the Hong Kong-listed H-shares.

Comments

Comments are closed.