Chinese stocks closed higher on Tuesday, with foreign capital buying for the second day in a row, while attention was also focused on support measures for the country’s struggling real estate sector.
The CSI300 index, which brings together the major companies listed in Shanghai and Shenzhen, closed up by 0.51%, while the Shanghai index advanced by 0.17%. Hong Kong’s Hang Seng Index rose 0.88%.
Chinese regulators are pushing banks to speed up the approval of new loans for cash-strapped private real estate developers, people familiar with the matter said Monday.
Volatility in China’s real estate market has little impact on the country’s financial system and some “positive signals” have emerged in the market, the central bank governor said on Monday.
Foreign capital recorded net purchases of 4.7 billion yuan ($651.09 million) through the Stock Connect scheme.
. In TOKYO the Nikkei index fell by 0.04%, to 40,398 points.
. In HONG KONG the HANG SENG index rose by 0.88%, to 16,618 points.
. In SHANGHAI the SSEC index gained 0.17%, to 3,031 points.
. The CSI300 index, which brings together the major companies listed in SHANGHAI and SHENZHEN, advanced by 0.51%, to 3,543 points.
. In SEOUL, the KOSPI index rose 0.71% to 2,757 points.
. In TAIWAN the TAIEX index recorded a decline of 0.33%, to 20,126 points.
. IN SINGAPORE the STRAITS TIMES index rose by 1.10%, to 3,233 points.
. In SYDNEY the S&P/ASX 200 index fell by 0.41% to 7,780 points.
Source: Terra
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