China Stocks up liquidity injection, IMF upping growth forecast

The Mainland China equity market finished higher on Monday, 24 July 2017, as China's central bank injected funds into the banking system while sentiment was also fueled by the IMF's raising the country's economic growth forecast. Most of the SSE gauges advanced with consumer-staples and consumer discretionary stocks being notable gainer among industry groups after data showed mutual funds increased holdings of liquor producers and home appliance makers in the second quarter. The benchmark Shanghai Composite Index edged up 0.4%, or 12.62 points, to 3,250.60. The Shenzhen Composite Index, which tracks stocks on China's second exchange, moved up 0.48%, or 8.86 points, to 1,854.67. The large-cap CSI300 also added 0.4%, or 14.87 points, to 3,743.47.

Powered by Capital Market - Live News