KONTAN.CO.ID - SHANGHAI. China stocks rose slightly on Friday, after data showed the country's recovery is stabilising, while the central bank's decision to cut the amount of cash that banks must hold as reserves also helped sentiment. The blue-chip CSI 300 Index was up 0.2%, while Hong Kong's Hang Seng Index climbed 1% in early morning trade. China's industrial output and retail sales growth in August both beat expectations, suggesting the recent flurry of support measures may be starting to slowly stabilise a stumbling economic recovery.
China Stocks Rise After Better-Than-Expected Economic Data, RRR Cut
KONTAN.CO.ID - SHANGHAI. China stocks rose slightly on Friday, after data showed the country's recovery is stabilising, while the central bank's decision to cut the amount of cash that banks must hold as reserves also helped sentiment. The blue-chip CSI 300 Index was up 0.2%, while Hong Kong's Hang Seng Index climbed 1% in early morning trade. China's industrial output and retail sales growth in August both beat expectations, suggesting the recent flurry of support measures may be starting to slowly stabilise a stumbling economic recovery.