China stocks slip as new coronavirus cases near six-week high

  • 📰 staronline
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 75%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

SHANGHAI: China stocks dipped on Monday, as the country's new daily coronavirus cases approached a near six-week high.

China's blue-chip CSI300 index was down 0.25%, with its financial sector sub-index lower by 0.54%, the consumer staples sector down 0.6%, the real estate index up 0.27% and the healthcare sub-index up 0.71%.

China's northeast Heilongjiang province, which borders Russia, has become the new battleground against the coronavirus as authorities reported the highest number of new daily cases in nearly six weeks, driven by infected travellers from overseas. March data demonstrated the government has been quietly loosening policy more than what it may appear by looking at the magnitude of rate and RRR cuts," Goldman Sachs said in a research note, adding that it reflected a preference for policy flexibility amid uncertainties from the pandemic.The largest percentage gainers in the main Shanghai Composite index were Liuzhou Liangmianzhen Co Ltd, up 10.12%, followed by Shanghai Lonyer Fuels Co Ltd, gaining 10.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

DukeandDuchessofCambridge video called pupils at Casterton Primary Academy in Burnley. KateMiddleton opted ..COVID2019 Easter2020

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 ZA

South Africa South Africa Latest News, South Africa South Africa Headlines