SHANGHAI :
ChiNext Index Moves to New One-Month Midday High
Tang Shihua
DATE:  Apr 17 2020
/ SOURCE:  Yicai

(Yicai Global) April 17 -- The ChiNext Index, which tracks growth enterprises listed in Shenzhen, ended up 1.92 percent at 2,046.99, its highest point since March 13 as Chinese stocks continued to rebound today despite key economic data the National Bureau of Statistics released today that show the nation logged its first quarterly contraction since the nation adopted gross domestic product as an economic indicator in the early 1990s.

The Shanghai Composite Index gained 0.89 percent to 2,845.03. The Shenzhen Component Index rose 1.37 percent to 10,614.05.

Investors are looking ahead after China appears to have successfully stamped out the pandemic and as the nation starts to gradually recover from its ravages.

China's GDP fell 6.8 percent to CNY 20.65 trillion in the first quarter, according to the official data.

Editor: Ben Armour

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Keywords:   Stock Market