China Shares Post Weekly Gains On Economic Recovery; Sino-U.S. Tensions Weigh

By Ekemini On Feb 5, 2021

China stocks ended higher for the week on Friday, as investors found support from a continued economic recovery, though Sino-U.S. tensions remained a worry.

** The blue-chip CSI300 index rose 0.2% to 5,483.41, while the Shanghai Composite Index slipped 0.2% to 3,496.33.

** For the week, CSI300 climbed 2.5%, while SSEC inched up 0.4%.

** Investors continued to trade the economic recovery story, while ample funds still favoured leading blue-chips that were seen as “core assets” in the A-share market and Hong Kong, analysts at Dongxing Securities said in a report.