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China Stocks end tad higher

China Stocks end tad higher
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China Stocks rise on stamp duty reduction proposal

Read more about China Stocks rise on stamp duty reduction proposal on Business Standard. However, market gains capped amid Sino-US tension after U.S. President Joe Biden signed an executive order on Thursday that bans U.S. entities from investing in dozens of Chinese companies with alleged ties to defence or surveillance technology

China Market surges 2 4%

The Mainland China share market spurted on Tuesday, 25 May 2021, amid reports of vaccination progress drive, with shares in financials being notable gains after Shanghai announced plans to establish itself as an asset management hub. At closing bell, the benchmark Shanghai Composite Index surged 2.4%, or 84.06 points, to 3,581.34. The Shenzhen Composite Index, which tracks stocks on China s second exchange, spurted 1.91%, or 44.68 points, to 2,381.93. The blue-chip CSI300 index climbed up 3.16%, or 162.89 points, to 5,318.48. Top performing sectors in the Shanghai Stock Exchange were Travel Agencies (up 5.86%), Financial Exchanges & Data (up 5.34%), White Liquor (up 4.93%), Investment Banking & Brokerage (up 4.88%), and Aerospace & Defense (4.82%), while worst performing sectors were Real Estate Management & Services (down 4.64%), Health Care Distributors (down 3.96%), Forest Products (down 2.78%), Garden Engineering (1.82%), and Heating or Other Utilities (down 1.75%).

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