China stocks notch strong start to year on growth outlook

  • 📰 staronline
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 75%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

SHANGHAI: China stocks kicked off 2021 on a firm note on Monday, after a survey pointing to a continued recovery in the world's second-largest economy bolstered investor sentiment.

The blue-chip CSI300 index rose 1.1% to 5,267.72, while the Shanghai Composite Index added 0.9%to 3,502.96.China stocks rose to multi-year highs on the last trading day of 2020, as investors cheered a Sino-Europe investment deal and Beijing's policy support for its capital markets.

"We are optimistic about the equities market this year, as the fragility of a global economic recovery means the super-loose liquidity conditions would remain, while China pledges continued and stable policy support for its economy," analysts at Zhongtai Securities said in a note.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines