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China Stocks gains 0.6%

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The Mainland equity market closed higher on Monday, 12 March 2018, as appetite for risk assets underpinned on calming trade war fears after the opened the way for more exemptions from its and aluminium tariffs on Friday, due to pressure from allies and intense lobbying from lawmakers. Meanwhile, buying appetite further boosted by the US jobs report which eased worries of inflation and faster rate hikes.

At the close, the benchmark Shanghai climbed 0.59%, or 19.53 points, to 3,326.70 and the Index, which tracks stocks on China's second exchange, rallied 1.24%, or 23.46 points, to 1,908.84. The blue-chip CSI300 was up 0.5% 4,127.67.

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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, March 12 2018. 16:57 IST