From Finimize: 2024-06-18 05:49:13

Chinese stocks saw slight gains with the Shanghai Composite Index rising by 0.48% to 3,030.25, amid mixed sector performances and economic pressure. China’s stock market showed a blend of optimism and caution – the CSI300 Index rose by 0.27%, led by financial gains despite declines in other sectors. Hong Kong’s Hang Seng Index and Hang Seng China Enterprises Index dipped slightly, while broader Asian markets fared well.

Despite economic uncertainty, select sectors in China’s financial market displayed strength amidst weak performance in industrial output and the property sector. Beijing may face pressure for additional policy support, despite robust retail sales in May exceeding forecasts, indicating pockets of economic resilience. Economists suggest China’s growth may not significantly improve without further intervention.

Investors are eagerly awaiting new policy announcements from the government as China’s growth faces challenges. Eyes are also on the US as Federal Reserve officials may provide guidance on potential rate-cut plans after maintaining existing policies last week.



Read more at Finimize: Chinese Stocks Show Resilience Despite Economic Strains