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Stock impact report

China stocks dip as investors await fresh catalysts amid signs of nascent recovery [Reuters (UK)]

CHINA TELECOM (CHA) 
Company Research Source: Reuters
China stocks dip as investors await fresh catalysts amid signs of nascent recovery - Reuters 3 Min Read * SSEC -0.2 pct, CSI300 -0.3 pct, HSI -0.6 pct * Signs of China economic stabilisation largedly priced in * China stocks still have room to rise - Value Partners SHANGHAI, April 18 (Reuters) - Shanghai stocks slipped on Thursday after previous session’s 13-month closing high, as investors awaited fresh catalysts following a spate of economic data this week that offered tentative signs of an economic rebound. ** The Shanghai Composite Index lost 0.2 percent, to 3,255.67, while the blue-chip CSI300 index fell 0.3 percent to 4,073.88. ** Hong Kong stocks also fell. The Hang Seng index dropped 0.6 percent to 29,942.83, while the Hong Kong China Enterprises Index lost 0.8 percent to 11,753.35. * China’s economy grew at a steady 6.4 percent pace in the first quarter, data showed on Wednesday, defying expectations for a further slowdown, as industrial production jumped sharply and consumer Show less Read more
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