China stocks up as metals join Trump rally




China shares rose on Friday, boosted by the raw materials and infrastructure sectors, with investors shrugging off further weakness in the yuan.


Shares in China are on track for their fifth consecutive week of gains, after rising more than 1.5 per cent this week on growing conviction that China's economy is stabilising.

On the mainland, the China Enterprises Index dropped fell 1.0 per cent to 9,453.58, taking its loss for the week to 0.4 per cent.

China blue-chip CSI300 index edged up 0.5 per cent to 3,405.90 by the lunch break.

The Shanghai Composite Index gained 0.6 per cent to 3,190.50.

Industrial metals rallied, especially copper, zinc and lead, as investors bet on sectors that may benefit from US President-election Donald Trump's pledge to increase infrastructure spending.

An index tracking raw material shares rose over 2.0 per cent and an index tracking infrastructure added 1.5 per cent, according to a news agency report.

-SRS-
Share on Google Plus

About Jessica Hornberger

This is a short description in the author block about the author. You edit it by entering text in the "Biographical Info" field in the user admin panel.
    Blogger Comment
    Facebook Comment