China stocks rise as new domestic virus cases drop, Xi's Wuhan visit lifts mood [Reuters (UK)]
SINOPEC Shangai Petrochemical Company, Ltd. (SHI)
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Source: Reuters
China stocks rise as new domestic virus cases drop, Xi's Wuhan visit lifts mood - Reuters 3 Min Read * Xi Jinping visits Wuhan as new cases tumble * Producer prices swing into deflation territory, raising stimulus expectations SHANGHAI, March 10 (Reuters) - China shares rose on Tuesday, a day after fears over the spread of the coronavirus and an oil price crash destabilised markets, as new domestic virus cases tumbled and President Xi Jinping’s visit to the epicentre of the epidemic lifted sentiment. ** At midday, the benchmark Shanghai Composite Index was 0.62% higher. The index swung between losses and gains throughout the morning session, falling as much as 1.31% and rising up to 0.7%. It fell 3% on Monday. ** China’s blue-chip CSI300 index was up 1.03% after a 3.4% drop on Monday, with its financial sector sub-index 1.08% higher, the consumer staples sector up 1.01%, the real estate index up 0.48% and the healthcare sub-index up 0.11%. ** Energy shares extended losses, with a sub-
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