china stocks climb on hopes for new economic stimulus
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
Arab Today, arab today

China stocks climb on hopes for new economic stimulus

Arab Today, arab today

Arab Today, arab today China stocks climb on hopes for new economic stimulus

China stocks climb on hopes for new economic stimulus
Shanghai - SPA

China stocks rebounded roughly 3 percent on Tuesday, as weak quarterly economic data strengthened market expectations the government will unveil more stimulus moves, Reuters reported.

The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 3.0 percent, to 3,223.13, while the Shanghai Composite Index gained 3.2 percent, to 3,007.74 points.

China's economic growth eased to 6.8 percent in the fourth quarter from a year earlier, matching expectations but still the slowest since the global financial crisis, putting pressure on policymakers to roll out more support measures.

 

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