Chinese Shares End Higher on US Trade Deal Progress
Tang Shihua
DATE:  Oct 14 2019
/ SOURCE:  yicai

(Yicai  Global) Oct. 14 -- Chinese equities advanced after China and the US agreed on the first phase of a trade deal, with each of the three major mainland stock indexes finishing higher.

The Shenzhen Component Index led the way, gaining 1.24 percent to 9,786.64. The large-cap-heavy Shanghai Composite Index climbed 1.15 percent to 3,007.88, after approaching a level not seen since mid-September. The ChiNext Price Index, which tracks growth enterprises listed in Shenzhen, rose 0.75 percent to 1,679.38.

US President Donald Trump said the two countries had reached a "substantial phase one" agreement over the weekend, US broadcaster CNBC reported today. Further tariff hikes on Chinese imports that were scheduled to come into force tomorrow were put on hold at the end of last week. 

Editor: Emmi Laine 

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Keywords:   Stock Market,Shanghai Composite Index,Shenzhen Component Index,ChiNext Price Index