Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

China shares edge higher amid hopes for policy easing

10/15/2021 | 12:58am EST

SHANGHAI, Oct 15 (Reuters) - Chinese A-shares edged higher on Friday, trimming losses for the week, but sentiment was cautious as investors balanced expectations of policy easing against worries of a slowing economy.

** At the midday break, the Shanghai Composite index was up 0.29% at 3,568.67 points. ** China's blue-chip CSI300 index was up 0.33%, with its financial sector sub-index higher by 0.48%. ** The real estate index added 0.43% after slipping nearly 4% a day earlier, on expectations that Chinese authorities may soften tactics aimed at the troubled sector.

** China's central bank rolled over maturing medium-term loans on Friday and kept their interest rates unchanged, as investors continue to speculate policymakers might need to ease monetary settings to support the economy amid risks from stagflation.

** "We see some early signs of easing measures from policy makers; that said, the scale and timing of these measures have not been enough to meaningfully reset the caution in the market so far," analysts at Morgan Stanley said in a note.

** Energy shares jumped, with the CSI300 sub-index tracking the sector up 1.56% and the coal sub-index up 2.61% as thermal coal prices hit record highs. ** A sub-index tracking gold miners surged 4.95% on the day as the precious metal looked set for its best week in more than five months.

** Chinese H-shares listed in Hong Kong rose 0.66% to 8,907.68, while the Hang Seng Index was up 0.83% at 25,170.47. ** The smaller Shenzhen index was up 0.15%, the start-up board ChiNext Composite index was higher by 1.74% and Shanghai's tech-focused STAR50 index was up 1.32%. ** Around the region, MSCI's Asia ex-Japan stock index was firmer by 0.94%, while Japan's Nikkei index was up 1.51%. ** The yuan was quoted at 6.4361 per U.S. dollar, 0.07% firmer than the previous close of 6.4404. (Reporting by Andrew Galbraith; Editing by Ramakrishnan M.)


ę Reuters 2021
Latest news "Economy & Forex"
04:42pECONOMIST'S ANGLE : Breaking Down the Crop Year 2020 Soybean Safety Net
PU
04:39pAustralia's CSL in exclusive talks to buy Swiss Vifor Pharma - report
RE
04:39pWall Street ends higher in robust rebound from Omicron-driven rout
RE
04:38pDollar, shares rise as Omicron fears subside
RE
04:36pIndustrials Surge As Boeing Bounces On Travel Hopes -- Industrials Roundup
DJ
04:33pFailed Limetree refinery bidder calls winning bid 'disguised liquidation'
RE
04:28pTD CEO sees 'bumpy' road ahead after earnings top estimates; CIBC hit by higher costs
RE
04:27pMaterials Rally Amid Cyclical Bias -- Materials Roundup
DJ
04:25pIMF says chief economist Gopinath to replace Okamoto as No. 2 official
RE
04:24pWELCOME TO THE TINDERVERSE : Tinder's CEO talks metaverse, virtual currency
RE
Latest news "Economy & Forex"