From Business Recorder: 2024-04-15 02:05:54

China stocks had a positive start as investors welcomed new guidelines on the capital market. The securities regulator issued draft rules to strengthen supervision of company listings and protect investor interests. UBS strategist Lei Meng believes the policies will improve market quality and boost confidence.

The Shanghai Composite index rose 1.21% at midday. The CSI300 index was up 1.9%, with sectors like finance and consumer staples showing gains. However, Chinese H-shares in Hong Kong fell, along with the Hang Seng Index.

Other indexes in China performed well, with the Shenzhen index up 0.26% and the ChiNext Composite index rising by 2.1%. Around the region, MSCI’s Asia ex-Japan index weakened. The yuan was quoted at 7.2386 per US dollar.

In the Shanghai Composite index, top gainers included Shaanxi Construction Machinery Co Ltd and Wolong Resources Group Co Ltd. The biggest decliners among H-shares were SenseTime Group Inc and Li Ning Co Ltd. Xpeng Inc also saw a decrease in its share price.



Read more at Business Recorder: China stocks rise after new guidelines; HK shares drop – Markets