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

China stocks rise on infra boost, Sino-U.S. tensions cap gains

03/11/2021 | 11:27pm EST

* SSEC 0.4%, CSI300 0.2%, HSI -0.3%

* HK->Shanghai Connect daily quota used 4%, Shanghai->HK daily quota used 3.2%

* FTSE China A50 +0.4%

SHANGHAI, March 12 (Reuters) - China stocks eked out gains on Friday, underpinned by strength in infrastructure firms, although Sino-U.S. tensions capped the rise.

** The CSI300 index rose 0.2%, to 5,139.87 at the end of the morning session, while the Shanghai Composite Index gained 0.4%, to 3,449.86.

** The CSI300 infrastructure jumped 3.9% and was set for its best day since July 6, 2020, thanks in part to its low valuations after underperforming the market for a long time.

** Chinese Premier Li Keqiang defended the government's target for more than 6% economic growth this year, saying it is "not low", and policies would not be dramatically loosened to chase higher growth.

** Helping sentiment further, a retreat in U.S. bond yields overnight eased global concerns about rising inflation.

** "Risk appetite could pick up again, as the U.S. yield rally lost momentum for now," Yan Kaiwen, analyst with China Fortune Securities, noted in a report.

** But, investors also watched negative developments around Sino-U.S. relations.

** The United States on Thursday condemned Chinese moves to change Hong Kong's electoral system and forecast "difficult" talks with Beijing's top diplomats next week.

** Shares of Huawei suppliers retreated as the U.S. administration added new limits on these companies.

** The Hang Seng index dropped 0.3% to 29,311.88, while the Hong Kong China Enterprises Index gained 0.7%, to 11,416.60.

** Around the region, MSCI's Asia ex-Japan stock index was firmer by 0.62% while Japan's Nikkei index was up 1.37%.

** The yuan was quoted at 6.4875 per U.S. dollar, up 0.11%.

** As of 0401 GMT, China's A-shares were trading at a premium of 32.54% over the Hong Kong-listed H-shares. (Reporting by Luoyan Liu and Andrew Galbraith; editing by Uttaresh.V)

ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AIA GROUP LIMITED 0.11% 88.8 End-of-day quote.12.98%
CANADIAN DOLLAR / CHINESE YUAN RENMINBI (CAD/CNY) -0.35% 5.0534 Delayed Quote.0.92%
CHIMIN HEALTH MANAGEMENT CO., LTD. -10.01% 16.73 End-of-day quote.-9.08%
CHINA UNICOM (HONG KONG) LIMITED -0.25% 4.04 End-of-day quote.3.59%
CHINA WAFER LEVEL CSP CO., LTD. -2.01% 44.3 End-of-day quote.-19.59%
DIMA HOLDINGS CO. ,LTD. -0.40% 2.5 End-of-day quote.2.46%
EURO / CHINESE YUAN RENMINBI (EUR/CNY) 0.26% 7.191 Delayed Quote.-0.37%
GANSU JIU STEEL GROUP HONGXING IRON & STEEL CO.,LTD. -1.74% 2.26 End-of-day quote.2.73%
GUANGXI GUIGUAN ELECTRIC POWERCO.,LTD. 0.17% 5.89 End-of-day quote.-8.26%
HANG SENG 0.00% 24917.03 Real-time Quote.6.50%
NIKKEI 225 -0.90% 27522.26 Real-time Quote.-3.54%
S&P/CITIC 300 INDEX -0.89% 4337.75 Delayed Quote.-2.54%
S&P/CITIC 50 INDEX -0.53% 4125.25 Delayed Quote.-1.16%
SHENZHEN GOODIX TECHNOLOGY CO., LTD. -2.98% 94.2 End-of-day quote.-12.59%
SHIMAO GROUP HOLDINGS LIMITED -1.91% 6.16 End-of-day quote.20.78%
SUNAC CHINA HOLDINGS LIMITED 4.95% 11.44 End-of-day quote.-2.89%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) -0.14% 6.3367 Delayed Quote.-0.10%
US DOLLAR / CHINESE YUAN RENMINBI (USD/CNY) -0.03% 6.3385 Delayed Quote.-0.12%
XIAOMI CORPORATION 0.11% 18.92 End-of-day quote.0.11%
Latest news "Economy & Forex"
12:41pBiden, Kishida agree to boost security, economic cooperation amid mounting concerns
12:36p'NO SALT NO DEAL' : Democrats vow to block Build Back Better bill without tax break
12:27pU.S. judge blocks Biden federal employee COVID-19 vaccine mandate
12:23pNGO reports over 60 killed in Yemen raids, coalition investigating
12:18pAnti-abortion activists march in Washington, buoyed by waning U.S. abortion access
12:14pNasdaq extends fall to fourth day on Netflix letdown
12:12pCanada's Omicron wave may have peaked; hospitals still under strain
12:12pSoy futures fall; corn rebounds on export demand
12:07pYellen says pre-K education, earned income tax credit at 'core' of Build Back Better
Latest news "Economy & Forex"