China’s stock indices closed higher on Friday after gains in the consumer staples and chip makers sectors, while massive inflows of overseas cash also helped boost domestic equities.
O CSI300 index, which brings together the largest companies listed in Shanghai and Shenzhen, rose 0.9%, with the Shanghai index also up 0.9%.
For the week, the CSI300 index rose 0.8%, while the Shanghai index rose 1.2%.
Activity in China’s service sector expanded at a slower pace in November, amid rising inflationary pressures and continued small-scale Covid-19 surges, private research showed.
Basic consumer papers rose 2.6%, while alcoholic beverage manufacturers jumped 3.1%.
The semiconductor and utilities sectors gained about 2.5% each, while coal miners jumped 4.5%.
Main markets
In Tokyo, the Nikkei index gained 1.00%, to 28,029 points, and in Shanghai, the SSEC index gained 0.94%, to 3,607 points.
Hong Kong’s Hang Seng Index dropped 0.09% to 23,766 points. The same happened in Taiwan, with the TAIEX, which registered a decrease of 0.16% and went to 17,697 points.
In Seoul, the KOSPI index gained 0.78% to 2,968 points, while in Singapore the Straits Times gained 0.32% to 3,101 points.
Finally, the S&P/ASX index, of Sydney, 200 advanced 0.22%, to 7,241 points.
Reference: CNN Brasil
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