Best Week for China Stocks in Three Months as Investors Anticipate Easing Tensions Between Washington and Beijing
China's blue-chip index closed near opening on Friday, but posted its best weekly result in three months amid rising odds of Biden's US election victory and hopes of easing tensions between Washington and Beijing.
The Shanghai Composite Index on Friday fell 0.24% to 3.312.16 points, while the CSI300 Index climbed 0.01% to 4.885.72 points.
The CSI300 rose 4.1% over the week, its best weekly gain since July 31, while the Shanghai SSEC rose 2.7%.
The financial sector sub-index rose 0.05% to close, the consumer goods sector lost 1.02%, the real estate index climbed 0.73%, and the health sector fell 2.78%.
The ChiNext Composite Startup Index fell 1.97%.
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Disclaimer: The material provided is for information purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the text belong solely to the author, and not to the author’s employer, organization, committee or other group or individual or company.
Past performance is not indicative of future results.
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