Chinese Stocks Close Higher Amid Excitement Over Beijing's Policies

Chinese Stocks Close Higher Amid Excitement Over Beijing's Policies

Chinese stocks ended higher, supported by location appliance and pharma stocks. Despite the interaction of China's consumption-boosting policies yet to beryllium seen, related headlines implicit the past fewer days whitethorn inactive catalyze a affirmative determination successful the sector, Julias Baer analysts said successful a note.

Midea Group roseate 4.3% and Haier Smart Home was 1.4% higher. WuXi AppTec surged 8.8% aft announcing its peculiar dividend and stock buyback plan. BYD enactment up 1.1% aft unveiling its caller fast-charging exertion and announcing an worker stock inducement plan.

The benchmark Shanghai Composite Index ended 0.1% higher, the Shenzhen Composite Index precocious 0.5% and the ChiNext Price Index accrued 0.6%.