Chinese Stocks End Higher, Boosted by China-US Trade Truce
Tang Shihua
/SOURCE : yicai

 

(Yicai Global) Dec. 3 --  Chinese  equities rallied today after China and the US agreed over the weekend  to a truce in their trade conflict. Tech, consumer and hotels stocks led  the gains.

Over 3,600 different stocks were traded today, and only 40 of them finished the day at a loss. 

Tech sector, including the segments of  robotics, facial recognition, fifth-generation networks, and  communication equipment, was the strongest performer. Food and beverage  industry, including liquor-makers, and hospitality sector also  flourished. 

The Shanghai Composite Index was up 2.57  percent to close at 2654.80 points. The day's turnover was CNY187.8  billion (USD27.3 billion), compared with that of CNY112.2 billion on  Nov. 30.

The Shenzhen Component Index gained 3.34  percent to 7938.47 points, with CNY237.2 billion worth of stocks  swapped. This was more than the previous trading day's tally of CNY155.3  billion.

The ChiNext Price Index, mostly  comprising small-cap companies, rose 3.26 percent to close at 1,372.79  points. Some CNY69.60 billion worth of equities changed hands, which was  more than the CNY47.6 billion on Nov. 30. 

Editor: Emmi Laine

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