China stocks advance in early trade, Shanghai composite adds 0.1pc

SHANGHAI: China’s stocks rose, halting the benchmark index’s biggest drop in three months, as financial and technology companies rallied.

China Life Insurance Co jumped 6 per cent to lead gains for insurers. China Minsheng Banking Corp advanced 2.5 per cent. Technology shares surged with Aisino Co jumping 6.2 per cent and the ChiNext index advancing 4 per cent.

You might also like

shanghai shares start week with losses 25 june 2018

25/06/2018

European stock markets slide at open 25 june 2018

25/06/2018

The Shanghai Composite Index added 0.1 per cent to 4,303.35 at 10.28am local time. The gauge dropped 4.1 per cent Tuesday amid concern the government will introduce measures to cool the market as valuations surge and new share sales potentially divert funds from existing equities.

The CSI 300 Index gained 0.8 per cent. Hong Kong’s Hang Seng China Enterprises Index rose 0.3 per cent, while the Hang Seng Index added 0.2 per cent. The Bloomberg China-US Equity Index retreated 2.4 per cent in New York on Tuesday.