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China Market rises for fifth day

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Mainland China equity market finished session higher for a fifth straight session on on Monday, 10 February 2020, as investors risk sentiments underpinned on reports many people returned to work and businesses resumed operations. At closing bell, the benchmark Shanghai Composite Index added 1.72%, or 48.42 points, to 2,866.51. The Shenzhen Composite Index, which tracks stocks on China's second exchange, rose 2.9%, or 48.60 points, to 1,727.24.

The blue-chip CSI300 index was up 1.86%, or 71.25 points, to 3,899.78.

The death toll in mainland China rose to 908 as of Sunday, the National Health Commission (NHC) said on Monday. Beijing will continue to shore up economic growth with policy support, including with infrastructure spending, to cushion the pressure from the coronavirus outbreak.

ECONOMIC NEWS: China Consumer Prices Up 5.4% On Year in January- China consumer prices were up 5.4 percent on year in January, the National Bureau of Statistics said on Monday, following the 4.5 percent gain in December. The bureau also said that producer prices sank 0.5 percent on year following the 0.5 percent decline in the previous month.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, February 10 2020. 21:00 IST