China shares hit 1-week high as U.S. stimulus lifts sentiment
China stocks were at a
one-week high on Wednesday as U.S. senators and Trump
administration officials reached an agreement on a massive
economic stimulus bill to cushion the economic hit from the
coronavirus outbreak.
** The Shanghai Composite index closed up 2.2% at
2,781.59. The blue-chip CSI300 index gained 2.7%. Both
benchmarks hit their highest since March 18 during the session.
** CSI300’s financial sector sub-index rose higher
by 2.3%, the consumer staples
one-week high on Wednesday as U.S. senators and Trump
administration officials reached an agreement on a massive
economic stimulus bill to cushion the economic hit from the
coronavirus outbreak.
** The Shanghai Composite index closed up 2.2% at
2,781.59. The blue-chip CSI300 index gained 2.7%. Both
benchmarks hit their highest since March 18 during the session.
** CSI300’s financial sector sub-index rose higher
by 2.3%, the consumer staples
Posted by Reuters
