China stocks end higher

Rajalakshmi S Updated - January 09, 2018 at 05:12 AM.

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China stocks reversed earlier losses to end higher on Tuesday, led by gains in consumer and material firms, as investors hunted for bargains after recent falls.

Sector performance was mixed. Consumer and material firms led the rebound, up 1.8 per cent and 1.7 per cent, respectively, while banking and real estate shares extended losses to end down 1.5 per cent and 1.6 per cent.

The CSI300 index closed up 0.2 per cent to 4,055.82 points, while the Shanghai Composite Index gained 0.3 per cent to 3,333.66.

The index measuring price differences between dual-listed companies in Shanghai and Hong Kong stood at 130.21. A value above 100 indicates Shanghai shares are pricing at a premium to shares in the same company trading in Hong Kong, and vice versa.

The northbound quota for the Hong Kong-Shanghai Stock Connect, currently set at 13 billion yuan, saw net inflows of 13.00 billion yuan.

Total volume of A shares traded in Shanghai was 13.71 billion shares, while Shenzhen volume was 14.57 billion shares. Around the region, MSCI's Asia ex-Japan stock index fell 0.1 percent while Japan's Nikkei index was flat.

Published on November 28, 2017 08:59