iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

China Stocks gain on stimulus hopes

23 Mar 2022 , 10:58 PM

The Mainland China share market closed higher on Wednesday, 23 March 2022, as investors were expecting stimulus measures, including possible cuts to banks reserve requirements, after assurances of more support by the countrys economic czar Vice Premier Liu He and other policymaking bodies last week.

However, market gains capped amid lingering concerns about surge in domestic COVID-19 infections. China has been urging its people to take vaccines and carrying out mass testing to contain an outbreak of Omicron cases in its wealthiest city Shanghai, which reported a sixth straight increase in daily asymptomatic coronavirus cases.

At close of trade, the benchmark Shanghai Composite Index was up 0.34%, or 11.17 points, to 3,271.03. The Shenzhen Composite Index, which tracks stocks on Chinas second exchange, added 0.54%, or 11.52 points, to 2,163.20. The blue-chip CSI300 index rose 20.5%, or 21.23 points, to 4,276.52.

Shares of hydrogen-related firms such as Hunan Hengguang Technology Co rose to their daily limit as the state planner unveiled production plans of hydrogen and hydrogen-fuelled vehicles by 2025.

Powered by Capital Market – Live News

Related Tags

  • capital market
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.