China stocks barely move

Dhaka,  Fri,  21 July 2017
Published : 20 Jun 2017, 12:05:23
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China stocks barely move

China stocks barely move
China stocks barely moved on Tuesday as investors awaited a decision by US index provider MSCI on whether to add mainland shares to its Emerging Markets Index.

The CSI300 index was unchanged at 3,552.56 points at the end of the morning session, while the Shanghai Composite Index gained 0.1 per cent, to 3,146.25 points.

The MSCI decision is due Tuesday afternoon in the United States (4.30 am Wednesday Hong Kong time).

Generous money injections by the central bank are helping to maintain some calm in China's financial markets, but market interest rates are persistently high, reflecting worries that liquidity conditions remain unusually tight.

Most sectors were largely unchanged on Tuesday. Material stocks led gains, while healthcare shares fell, according to Reuters.
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