China stocks rise on monetary easing; Evergrande woes in focus


SHANGHAI: China stocks ended higher on Tuesday after the central bank cut the amount of cash banks must hold in reserve, while investors cautiously watched if Evergrande would default as the world's most indebted developer inches closer to a debt restructuring.

The blue-chip CSI300 index closed 0.6% firmer at 4,922.10, while the Shanghai Composite Index gained 0.2% to 3,595.09 points.

Celebrate Merdeka with 50% Off!
T&C applies.

Monthly Plan

RM13.90/month
RM6.95 only

Billed as RM6.95 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM6.17/month

Billed as RM78 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

China , equities , China Evergrande

   

Next In Business News

Laws are important to curb anti-competitive mergers
A strategic shift for success
OSK in Johor asset buy
Economic proxy play
Is TM better off exiting DNB?
Mixed sentiment on EMS sector
Ringgit loans for data centres – boon or bane?
A fund to face any KWAN-dary
Hartalega unfazed by China firms’ Asean expansion
Gamuda wins Sabah power project

Others Also Read