01 Mar China, Hong Kong stocks rebound as dismal data fuels stimulus hopes
China and Hong Kong
stocks rebounded on Monday, led by infrastructure and real
estate stocks, as bleak economic data fuelled hopes Beijing will
roll out further stimulus to support the world’s second-largest
economy, and as new virus cases declined.
** At the midday break, the Shanghai Composite index was
up 2.9% at 2,965.11 points. The blue-chip CSI300 index
rose 3.2%.
stocks rebounded on Monday, led by infrastructure and real
estate stocks, as bleak economic data fuelled hopes Beijing will
roll out further stimulus to support the world’s second-largest
economy, and as new virus cases declined.
** At the midday break, the Shanghai Composite index was
up 2.9% at 2,965.11 points. The blue-chip CSI300 index
rose 3.2%.
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