China Market rises 0.9% after Trump-Kim agreement

The Mainland China equity market closed higher for the first time in four days on Tuesday, 12 June 2018, as sentiment improved after US President Donald Trump and North Korean leader Kim Jong Un signed a 'comprehensive' deal aimed at the denuclearisation of the Korean peninsula. Market gain was, however, limited as investors worried about liquidity conditions amid credit risks and more listings by technology giants that could sap already tight funding. Sectors rallied across the board, led by consumer and healthcare firms. The blue-chip CSI300 index ended 1.2% higher at 3,825.95 points, while the Shanghai Composite Index ended up 0.9% at 3,079.80 points,

Powered by Capital Market - Live News