China’s blue chip stocks closed higher on Thursday, led by real estate developers after three companies presented plans to issue domestic bonds, while analysts said the Chinese government will continue its campaign to deleverage the sector.
Or index CSI300, which brings together the largest companies listed in Shanghai and Shenzhen, rose 0.25%, while the index of Shanghai had a low of 0.09%.
Real estate developers gained 2%. Three Chinese developers plan to sell bonds in China to raise a total of 18 billion yuan ($2.83 billion).
Analysts said this shows that the government is easing liquidity squeezes in the sector.
low
In relation to other indexes, in Tokyo the Nikkei retreated 0.65%, to 27,753 points. Shanghai’s SSEC index also lost 0.09% to 3,573 points.
In Singapore, the Straits Times index fell 0.20% to 3,092 points, while in Sydney the S&P/ASX 200 index retreated 0.15% to 7,225 points.
High
Hong Kong’s HANG SENG index rose 0.55% to 23,788 points. The CSI300, which brings together the largest companies listed in Shanghai and Shenzen, advanced 0.25%, to 4,856 points.
In Seoul, capital of South Korea, the KOSPI index gained 1.57% and reached 2,945 points. Taiwan’s TAIEX index also rose 0.79% to 17,724 points.
Reference: CNN Brasil
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