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March 15, 2017

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Shares flat over ‘risk events’ globally

SHANGHAI shares were generally flat yesterday as caution from a series of global “risk events” later this week prevailed over strong Chinese economic data.

The Shanghai Composite Index edged up 0.07 percent to 3,239.33 points.

Investors were awaiting the US Federal Reserve’s decision to raise interest rates and policy decisions by the Bank of England and Bank of Japan.

Economic data released by the National Bureau of Statistics showed China’s fixed-asset investment grew 8.9 percent to 4.13 trillion yuan (US$598 billion) in the first two months of this year, compared with an increase of 8.1 percent a year earlier.

China’s infrastructure investment jumped 27.3 percent year on year to 831.5 billion yuan in January and February. The rise accelerated from the gain of 15 percent in the first two months of last year.

Chongqing Construction Engineering Group Co rose 5.66 percent to 17.73 yuan.


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