03 Feb China stocks off 12-month trough on c.bank support
China stocks rebounded
on Tuesday after policymakers stressed they will stabilise
markets that took a hammering amid the coronavirus outbreak,
with nearly $400 billion of market value erased from Shanghai’s
benchmark index in the previous session.
** At the midday break, the Shanghai Composite index was
up 0.2% at 2,752.44 points, jumping off a fresh one-year low hit
at the open. The blue-chip CSI300 index was up 1.3%.
** CSI300’s financial sector sub-index
on Tuesday after policymakers stressed they will stabilise
markets that took a hammering amid the coronavirus outbreak,
with nearly $400 billion of market value erased from Shanghai’s
benchmark index in the previous session.
** At the midday break, the Shanghai Composite index was
up 0.2% at 2,752.44 points, jumping off a fresh one-year low hit
at the open. The blue-chip CSI300 index was up 1.3%.
** CSI300’s financial sector sub-index
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