China stocks end near 6-1/2-month high; consumer firms shine [Reuters]
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Source: Reuters
China stocks end near 6-1/2-month high; consumer firms shine | Reuters 4 Min Read * Shanghai stocks higher, blue-chip CSI300 index up * China’s A-shares are at a 23.83 percent premium over H-shares * Consumer firms lead gains SHANGHAI, March 18 (Reuters) - China’s major stock indexes closed near their 6-1/2-month highs on Monday, as sentiment was bolstered by high expectations of the U.S. Federal Reserve taking a dovish stance at its policy meeting this week and Beijing’s policy boost for growth. ** At the close, the blue-chip CSI300 index settled 2.9 percent higher at 3,851.75 points, while the Shanghai Composite Index ended up 2.5 percent at 3,096.42 points. ** At close, both indexes were within sight of their highs since late May, 2018. ** There is much talk Fed policymakers will lower their interest rate forecasts, or “dot plots”, to show little or no further tightening this year. ** The Chinese government has additional monetary policy measures that it can take to support economi
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