The shares of China had their best day in a month on Thursday, as investor expectations of a strong economic recovery in 2023 offset concerns over a spike in coronavirus cases. Covid.
The CSI 300 index, which brings together the largest companies listed in Shanghai and Shenzhen, closed up 1.94%, while the Shanghai index rose 1.01%.
Both indexes posted their best daily performance since Dec.
The Hang Seng Index of Hong Kong ended with an advance of 1.25%.
Other Asian markets also rose on investor expectations regarding post-pandemic China.
“China’s abrupt reopening of Covid restrictions has led to public health confusion… note.
China’s central bank said on Wednesday it would maintain reasonably ample liquidity, step up financial support to boost domestic consumption and major investment projects, and support a stable real estate market in 2023.
Overseas investors on Thursday bought 12.75 billion yuan ($1.85 billion) worth of Chinese shares, the most since Nov. 14.
In TOKYO, the Nikkei index advanced 0.40%, to 25,820 points.
In HONG KONG, the HANG SENG index rose 1.25% to 21,052 points.
In SHANGHAI, the SSEC index gained 1.01% to 3,155 points.
The CSI300 index, which gathers the largest companies listed in SHANGHAI and SHENZHEN, advanced 1.94%, to 3,968 points.
In SEOUL, the KOSPI index appreciated by 0.38%, at 2,264 points.
In TAIWAN, the TAIEX index rose 0.72% to 14,301 points.
In SINGAPORE, the STRAITS TIMES index gained 1.55% to 3,292 points.
In SYDNEY, the S&P/ASX 200 index advanced 0.06% to 7,063 points.
Source: Moneytimes
I am an author and journalist with a focus on market news. I have worked for a global news website for the past two years, writing articles on a range of topics relating to the stock market. My work has been published in international publications and I have delivered talks at both academic institutions and business conferences around the world.
