China stocks close higher on monetary easing bets

Chinese stocks closed higher on Thursday, led by non-ferrous metals and new energy, and helped by bets of further monetary easing as inflation recedes.

Signs of a less monetary-tightening stance by the US central bank also helped sentiment.

The CSI300 index, which brings together the largest companies listed in Shanghai and Shenzhen, rose 0.24%, while the Shanghai index gained 0.06%.

Non-ferrous metals advanced 3.6%, with lithium stocks leading the gains. New energy securities rose 2.8%, while new energy vehicles rose 2.9%.

Concerns of a stronger monetary tightening by the Federal Reserve eased slightly after the minutes of the last meeting of the US central bank signaled a more measured and data-reliant stance.

  • In Tokyo, the Nikkei index fell 0.83% to 27,232 points.
  • In Hong Kong, the HANG SENG index rose 0.30% to 24,792 points.
  • In Shanghai, the SSEC index gained 0.06% to 3,468 points.
  • The CSI300 index, which brings together the largest companies listed in Shanghai and Shenzhen, rose 0.24% to 4,629 points.
  • In Seoul, the Kospi index appreciated by 0.53%, at 2,744 points.
  • In Taiwan, the Taiex index rose 0.20% to 18,268 points.
  • In Singapore, the STRAITS TIMES index rose by 0.07% to 3,441 points.
  • In Sydney, the S&P/ASX 200 index rose 0.16% to 7,296 points.

Source: CNN Brasil

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