China shares rise on consumer boost; Hang Seng bounces ...Middle East

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China shares rise on consumer boost; Hang Seng bounces
source : Devdiscourse ( Middle East ) () 35
China shares rose on Friday as consumer firms rallied on buying from overseas investors, although major equities remained well below recent highs due to concerns over gradual policy tightening. ** At the midday break, China's blue-chip CSI300 index was up 1.95%. The index remains down more than 15% from a record high touched on Feb. 18. ** The Shanghai Composite index was up 1.37% at 3,409.77 points, leaving it 8.63% below a five-and-a-half-year high touched in February. ** A sub-index tracking the consumer staples sector was up 2.56% at midday, led by distiller heavyweights Kweichow Moutai Co Ltd, up 2.13%, and Wuliangye Yibin Co Ltd , up 3.74%. ** The financial sector sub-index added 0.68%

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