Shanghai shares closed higher on Tuesday (23) as risk appetite was boosted by the prospect that China will cut corporate finance costs and help small businesses, while the real estate sector recovered losses after the banks are instructed to make more project loans.
The CSI300 index, which brings together the largest companies listed in Shanghai and Shenzhen, had a positive variation of 0.02%, while the Shanghai index rose 0.2%.
The central bank will deepen interest rate reforms and improve transmission to further reduce funding costs, said Zou Lan, head of financial markets at the People’s Bank of China.
Real estate developers were up 1% after falling 4% in the previous session after Reuters said some Chinese banks were instructed by financial regulators to issue more loans to real estate companies for project development.
In TOKYO, the Nikkei index remained closed.
In HONG KONG, the HANG SENG index fell 1.20% to 24,651 points.
In SHANGHAI, the SSEC index gained 0.20% to 3,589 points.
The CSI300 index, which brings together the largest companies listed in SHANGHAI and SHENZHEN, advanced 0.02% to 4,913 points.
In SEUL, the KOSPI index had a devaluation of 0.53%, to 2,997 points.
In TAIWAN, the TAIEX index dropped 0.77% to 17,666 points.
In SINGAPORE, the STRAITS TIMES index devalued by 0.30%, to 3,227 points.
In SYDNEY the S&P/ASX 200 index advanced 0.78% to 7,410 points.
Reference: CNN Brasil
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