Monday, 21 October 2019
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China stocks track Wall Street's gain; economic data in focus
Friday, 12 July 2019 14:51 WIB | MARKET UPDATE |Saham Cina Shanghai composite

China stocks ended higher on Friday ahead of a slew of economic data and tracking Wall Street's fresh highs overnight buoyed by renewed U.S. rate-cut hopes, but the main domestic indexes closed down for the week.

The blue-chip CSI300 index rose 0.6%, to 3,808.73 points, while the Shanghai Composite Index gained 0.4% to 2,930.55 points. China is due to release June trade and lending data on Friday, while second-quarter GDP figures are scheduled for Monday. China's economy is expected to have slowed to its weakest pace in at least 27 years, raising hopes for more stimulus ahead.

Meanwhile, worries over Sino-U.S. trade tensions resurfaced after U.S. President Donald Trump tweeted on Thursday that China was not living up to promises it made on buying agricultural products from American farmers.

Source : Reuters

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