LINE

Text:AAAPrint
Economy

China stock market ends higher on logistics shares

1
2017-02-28 17:25Xinhua Editor: Mo Hong'e ECNS App Download

Chinese stocks closed higher on Tuesday, led by logistics companies.

The benchmark Shanghai Composite Index increased 0.4 percent to close at 3,241.73 points. The Shenzhen Component index closed 0.36 percent higher at 10,391.34 points.

The ChiNext Index, China's NASDAQ-style board of growth enterprises, rose 0.02 percent to close at 1,927.16 points.

Combined turnover expanded to 484.51 billion yuan (about 70 billion U.S. dollars) on Tuesday from 467.3 billion yuan the previous trading day.

The stock market has rebounded more than 6 percent since mid-January on signs of economic recovery. However, investors have become cautious, as China shifts toward tighter monetary policies and strengthened market regulations.

China will tighten supervision of the stock market to prevent systematic financial risks, Li Chao, deputy head of the China Securities Regulatory Commission (CSRC), said at the press conference.

Logistics shares led the increases. S.F.Express Co., a leading courier service provider, jumped by the 10-percent daily limit to end at 66.8 yuan.

Bucking the trend, motorbike producers were among the major losers. QJIANG Motorbike Co. fell 4.47 percent to close at 17.52 yuan.

  

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.