Chinese stocks rally on new guidelines; Hong Kong shares decline- Republic World

From Republic World: 2024-04-15 00:56:00

China’s stock market saw gains as new guidelines were introduced to boost the capital market. Regulator unveiled draft rules to enhance oversight. UBS strategist optimistic about policies. Shanghai Composite index rose by 1.21%, CSI300 index up by 1.9%. In contrast, H-shares in Hong Kong fell by 0.41%. Mixed performances in other Chinese indexes and regional markets. Yuan marginally weaker at 7.2386 per US dollar. Top gainers included Shaanxi Construction Machinery Co Ltd and Shanghai Shyndec Pharmaceutical Co Ltd. Biggest decliners were SenseTime Group Inc and Li Ning Co Ltd.



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