China stocks firm on upbeat trade data, services survey Reuters 5 hrs ago
Popular Searches FTSE China A50 +0.5%
SHANGHAI, May 7 (Reuters) - China stocks rose on Friday after the country s export growth unexpectedly accelerated in April, and a private survey showed robust service sector activity. The CSI300 index rose 0.2% to 5,070.81 points at the end of the morning session, while the Shanghai Composite Index advanced 0.4% to 3,455.79 points. China s export growth unexpectedly accelerated in April as the brisk U.S. recovery and stalled factory production in other countries hit by coronavirus propped up demand for goods made in the world s second-largest economy. China s export growth again surprised on the upside, said Zhiwei Zhang, chief economist at Pinpoint Asset Management, adding that the booming U.S. economy and the COVID-19 crisis in India likely contributed to the strong export growth.
PeakTV, we were joined by
ASX:MNS Chairman Frank Poullas.
We discussed the lithium battery market, the company s path to 32GWH, it’s recent $110M investment, and the upcoming listing in the USA.
Click here to watch the full interview.
Have a great weekend.
The
ASX200 finished 0.3% ahead on Friday at 7080.8 to record its first weekly gain in three. Investors again cycled out of growth stocks and into bank and mining names.
US futures were pointing to gains on Wall Street tonight, with the S&P500 and Dow E-mini up 0.1%, and the Nasdaq gaining 0.3%.
Iron ore prices rose 4.9% to a record $US201.88 a tonne as Chinese buyers unleashed demand after a three-day holiday. BHP, Rio Tinto, Fortescue Metals moved ahead.
HK->Shanghai Connect daily quota used -0.9%, Shanghai->HK daily quota used 0% FTSE China A50 -0.3%
SHANGHAI, April 30 (Reuters) - China stocks slipped on Friday, after the country’s factory activity growth slowed in April, with Shanghai shares set for weekly decline on worries over policy tightening and Sino-U.S. tensions. The CSI300 index fell 0.3% to 5,150.71 by the end of the morning session, while the Shanghai Composite Index lost 0.5% to 3,457.09. For the week, CSI300 firmed 0.3%, while SSEC eased 0.5%. China’s factory activity expanded at a slower pace and missed forecasts in April as supply bottlenecks and rising costs weighed on production and overseas demand lost momentum.
Article content
SHANGHAI China stocks firmed on Monday, underpinned by gains in start-up companies as liquidity worries eased, while Beijing’s plans to spur domestic consumption also boosted sentiment. The CSI300 index rose 0.3% to 5,149.38 at the end of the morning session, while the Shanghai Composite Index gained 0.2% to 3,480.68.
We apologize, but this video has failed to load.
Try refreshing your browser, or China stocks rise on start-up gains, Beijing s consumption boost plans Back to video Leading the rally, the tech-heavy start-up board ChiNext rose 0.9%, having gained 16% from a recent trough hit on March 25. “Earnings growth for companies listed on the start-up board are better than their mainboard peers,” said Luo Kun, an investment manager at Chasing Securities’ equities investment arm.