China stocks rebound as stimulus hopes offset trade war concerns [Reuters (UK)]
JP Morgan Chase & Co. (JPM)
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Source: Reuters
China stocks rebound as stimulus hopes offset trade war concerns | Reuters 3 Min Read SHANGHAI, Sept 19 (Reuters) - China stocks rebounded strongly for the second straight day on Wednesday as investors piled into property and consumer stocks, betting Beijing will intensify stimulus measures to cushion the impact of an escalation in the Sino-U.S. trade war. ** The blue-chip CSI300 index rose 1.3 percent to 3,312.48, while the Shanghai Composite Index gained 1.1 percent to 2,730.85. ** China will use the continuing trade war as an opportunity to replace imports, promote localisation and accelerate the development of high-tech products, state-run People’s Daily said in a front-page article on Wednesday. ** The administration of U.S. President Donald Trump said on Monday it would begin to levy new tariffs of 10 percent on $200 billion of Chinese products on Sept. 24, with the tariffs to go up to 25 percent by the end of 2018. China hit back, saying it will levy tariffs on about $60 billio
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