Chinese stocks closed higher on Wednesday, with real estate leading the gains amid progress made in Ukraine-Russia peace talks and traders expecting more stimulus measures from the Chinese government.
The CSI300 index, which brings together the largest companies listed in Shanghai and Shenzhen, rose 2.9%, while the Shanghai index gained 1.96%.
Hong Kong’s Hang Seng Index rose 1.39%, while the China Enterprises Index rose 1.3%.
Russia vowed on Tuesday to reduce military operations around Kiev and another city, but the United States warned that the threat was not over after Ukraine proposed adopting neutral status as a sign of progress in face-to-face talks.
“Risk appetite in global financial markets has improved as the Ukraine-Russia peace talks have progressed positively,” said Zhang Yanbin, an analyst at Zheshang Securities.
Real estate developers jumped 6.8% on bets of relief in the sector, and the financial sector advanced 2.9%.
- In Tokyo, the Nikkei index fell 0.80% to 28,027 points.
- In Hong Kong, the HANG SENG index rose 1.39% to 22,232 points.
- In Shanghai, the SSEC index gained 1.96% to 3,266 points.
- The CSI300 index, which brings together the largest companies listed in Shanghai and Shenzhen, advanced 2.90%, to 4,254 points.
- In Seoul, the KOSPI index appreciated by 0.21%, at 2,746 points.
- In Taiwan, the TAIEX index rose 1.09% to 17,740 points.
- In Singapore, the STRAITS TIMES index rose by 0.25% to 3,442 points.
- In Sydney, the S&P/ASX 200 index advanced 0.67% to 7,514 points.
Source: CNN Brasil
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