BEIJING: China’s blue-chip shares closed higher on Wednesday, a day after it hit a near 3-month low, although gains were capped by lingering concerns of policy tightening as the economy recovers.
The blue-chip CSI300 index ended 0.66% higher, led by a 2.63% jump in its healthcare sub-index and a 1.94% gain in the consumer staples sector.
The financial sector sub-index was lower by 0.61%, while the real estate index fell 1.06%.
The Shanghai Composite index closed down 0.05% at 3,357.74.
The smaller Shenzhen index ended up 0.21% and the start-up board ChiNext Composite index was higher by 1.642%.
China’s factory gate prices rose at the fastest pace since November 2018 in February as manufacturers raced to fill export orders, raising expectations for robust growth in the world’s second-largest economy in 2021.
On Tuesday, China’s benchmark Shanghai Composite index stood on the precipice of a correction as investors wrestled with the prospect of tighter policy and a slowing economic recovery.
Comments
Comments are closed for this article.