Likely Mongolian deals boost shares
Print Edition
SHANGHAI stocks rose yesterday as shares related to ports and the Shanghai free trade zone hoped to get a boost from economic deals to be signed by President Xi Jinping during his visit to Mongolia.
The Shanghai Composite Index rose 0.46 percent to 2,240.81 points. For the week, the barometer gained 11 points.
Xi’s visit Mongolia may yield four deals to help the landlocked country export minerals to South Korea and Japan via Chinese ports in the north and northeast.
Changjiang Securities said yesterday that companies running ports around China’s Bohai Sea got a boost. It also said ports in five northern provinces plan to link their transport networks.
Tangshan Port Group rose by the maximum daily limit of 10 percent to 5.12 yuan, while Jinzhou Port gained 9.93 percent to finish at 4.87 yuan.
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