The story appears on

Page A11

December 13, 2018

GET this page in PDF

Free for subscribers

View shopping cart

Related News

Home » Business

Stocks rise on positive trade tweet by Trump

China stocks extended this week’s gains yesterday, buoyed by optimism over Sino-US trade relations.

The Shanghai Composite Index gained 0.31 percent to end at 2,602.15 points. The smaller Shenzhen Component Index also edged up 0.16 percent to 7,698.02 points and the CSI 300 index closed 0.34 percent higher at 3,170.61 points.

Sentiment was boosted by a late Tuesday tweet by US President Donald Trump.

“Very productive conversations going on with China! Watch for some important announcements!” he posted.

Beer and auto companies led yesterday’s gains.

The auto sector posted a 1.35 percent increase, with stocks of six auto companies listed on the A-share market surging by the daily limit of 10 percent, including Beijing WKW Automotive Parts Co, Kuang-Chi Technologies Co and Chengdu Xiling Power Science & Technology Incorporated.

Food and beverage shares, especially beer companies, were also among the biggest gainers. Guangzhou Zhujiang Brewery Co gained the maximum 10 percent, Tsingtao Brewery Company rose 5.73 percent and Beijing Yanjing Brewery Co 4.71 percent.


Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.

沪公网安备 31010602000204号

Email this to your friend