China stocks snap losing streak as yuan finds footing
China’s stock market is poised
for its first day of gains in over a week as the yuan steadied
and lifted sentiment, easing fears of a full scale Sino-U.S.
currency war.
** At the midday break, the Shanghai Composite index was
up 0.9% at 2,793.92, while the blue-chip CSI300 index
was up 1.2%. Plagued by trade war escalation, the two indexes
ended lower in the past six trading days.
** CSI300’s financial sector sub-index rose 1.1%,
the consumer staples sector went up 1
for its first day of gains in over a week as the yuan steadied
and lifted sentiment, easing fears of a full scale Sino-U.S.
currency war.
** At the midday break, the Shanghai Composite index was
up 0.9% at 2,793.92, while the blue-chip CSI300 index
was up 1.2%. Plagued by trade war escalation, the two indexes
ended lower in the past six trading days.
** CSI300’s financial sector sub-index rose 1.1%,
the consumer staples sector went up 1
Posted by Reuters
