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China shares rise on upbeat factory surveys, consumer stocks boost

09/30/2020 | 12:40am EST

* SSEC 0.5%, CSI300 0.6%, HSI 1.2%

* HK->Shanghai Connect daily quota used 2%, Shanghai->HK daily quota used 0%

* FTSE China A50 +0.8%

BEIJING/SHANGHAI, Sept 30 (Reuters) - China shares rose on Wednesday, led by consumer and healthcare shares, as investors cheered upbeat factory activity surveys.

** At the midday break, the Shanghai Composite index was up 0.45% at 3,238.86 and the blue-chip CSI300 index was up 0.63%.

** China's factory activity extended solid growth in September, surveys showed, as the nation's crucial exports engine revved up on improving overseas demand and underlined a steady economic recovery from the coronavirus shock.

** China's consumer stocks also climbed ahead of Golden Week holiday, as investors expect robust consumption during the break, supported by a raft of measures deployed by Beijing to boost domestic consumption.

** The CSI300 consumer staples index added 1.64%, and has gained more than 40% so far this year.

** China's markets will be closed for the national holiday from Oct. 1 to Oct. 8.

** Chinese H-shares listed in Hong Kong rose 1.67% to 9,436.77, while the Hang Seng Index was up 1.18% at 23,549.47.

** The property sub-index of Hang Seng rose by 2.56% on Wednesday, with HK-listed China Evergrande Group hitting a 5-week high, after the firm secured support from its investors amid mounting liquidity crunch concerns.

** The start-up board ChiNext Composite index was higher by 1.19% and Shanghai's tech-focused STAR50 index was up 2.96%.

** Investors may actively fish opportunities amid thin trade and external market uncertainties ahead of the week-long holiday, according to China Fortune Securities Co.

** Around the region, MSCI's Asia ex-Japan stock index was firmer by 0.05% while Japan's Nikkei index was down 0.98%.

** The yuan was quoted at 6.8126 per U.S. dollar, 0.03% firmer than the previous close of 6.8149.

(Reporting by Cheng Leng in Beijing, Luoyan Liu and Andrew Galbraith in Shanghai; editing by Uttaresh.V)

© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
BOLLORÉ SE -0.86% 3.242 Real-time Quote.-16.66%
CHINA ENTERPRISE COMPANY LIMITED 0.00% 3.75 End-of-day quote.-19.35%
CHINA EVERGRANDE GROUP -2.53% 16.16 End-of-day quote.-25.19%
CHINA GAS HOLDINGS LIMITED 1.58% 28.9 End-of-day quote.-1.03%
CHINA RESOURCES LAND LIMITED 0.00% 34.1 End-of-day quote.-12.11%
CHINA SHENHUA ENERGY COMPANY LIMITED 1.27% 19.99 End-of-day quote.9.53%
CNOOC LIMITED -0.65% 7.7 End-of-day quote.-40.59%
DXC TECHNOLOGY COMPANY 0.90% 22.34 Delayed Quote.-41.10%
FORTRESS BIOTECH, INC. 2.94% 2.8 Delayed Quote.8.95%
HANG SENG 0.07% 26542.09 Real-time Quote.-5.84%
HEWLETT PACKARD ENTERPRISE COMPANY 2.86% 11.52 Delayed Quote.-29.38%
HP INC. 1.97% 22.82 Delayed Quote.11.05%
JIANGSHAN OUPAI DOOR INDUSTRY CO., LTD -2.28% 101.17 End-of-day quote.158.09%
JIANGSU SUNSHINE CO., LTD. -1.73% 2.84 End-of-day quote.24.56%
MSCI AC ASIA EX JAPAN (STRD, UHD) 0.27% 802.874 Real-time Quote.16.34%
NATIONAL HOLDINGS CORPORATION 0.38% 2.65 Delayed Quote.3.92%
NIKKEI 225 0.05% 26800.98 Real-time Quote.13.23%
PETROCHINA COMPANY LIMITED 0.00% 4.3 End-of-day quote.-26.24%
S&P/CITIC 300 INDEX -0.25% 4383.65 Delayed Quote.23.67%
S&P/CITIC 50 INDEX -0.42% 4407.83 Delayed Quote.18.36%
SHANGHAI XINTONGLIAN PACKAGING CO., LTD. -3.69% 15.15 End-of-day quote.19.01%
SHIMAO PROPERTY HOLDINGS LIMITED -1.60% 27.65 End-of-day quote.-8.44%
SMITHS NEWS PLC 0.00% 30.5 Delayed Quote.-15.75%
SOFTBANK GROUP CORP. -0.62% 7255 End-of-day quote.52.54%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) 0.09% 6.5461 Delayed Quote.-5.89%
US DOLLAR / CHINESE YUAN RENMINBI (USD/CNY) -0.07% 6.5575 Delayed Quote.-5.62%
ZHENHAI PETROCHEMICAL ENGINEERING CO., LTD -0.45% 8.85 End-of-day quote.-19.86%
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