China Shares Rise on Reopen From Holiday With Consumer Strength
- Fears of volatile start dissipated by upbeat global sentiment
- Regulatory and property-sector risks keep investors on guard
This article is for subscribers only.
Chinese shares advanced after mainland markets reopened from a week-long holiday, with consumer staples and tech shares showing resilience in the face of regulatory and economic uncertainty.
The benchmark CSI 300 Index closed up 1.3%, with top performers including Huadong Medicine Co. and China Fortune Land Development Co. Despite a tumultuous period globally while onshore markets were closed, local traders started Friday on the front foot, taking a cue from a buoyant session overnight in China stocks listed on Wall Street.