China’s Stocks Meander as Consumer Shares Retreat, Metals Climb

Chinese stocks fluctuated as the benchmark gauge’s steepest rally since March ran out of steam, with financial and materials companies advancing while consumer-discretionary shares declined.

The Shanghai Composite Index added 0.1 percent as of 10:03 a.m. local time, after falling as much as 0.2 percent. The gauge jumped 3.3 percent Tuesday amid optimism the nation’s equities will be included in MSCI Inc.’s international indexes. Jiangxi Copper Co. led a gauge of metals producers higher after saying it will set up set up an overseas mining fund. Midea Group Co. fell in Shenzhen as Germany explored ways to stop a takeover of robot maker Kuka AG by the Chinese company.

Source : Bloomberg

PT Bestprofit Futures – MARKET

China stocks close up on consumer, healthcare bets

China stocks closed modestly higher on Wednesday, recovering some of the heavy losses suffered in recent sessions, as buyers snapped up consumer and healthcare stocks.

The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 0.5 percent to 3,082.81, points, while the Shanghai Composite Index gained 0.2 percent to 2,837.04.

Source: reuters

PT Bestprofit Futures – MARKET