China Stocks Pare Early Losses on Speculation of Policy Easing
- Financials, property shares among those leading rebound
- Traders assess Beijing’s support vows, risks from Russia ties
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Chinese stocks staged a late rebound in Friday’s session amid speculation that the central bank may soon ease monetary policy further following Beijing’s pledge to stabilize financial markets.
The Hang Seng China Enterprises Index, a gauge of Chinese firms listed in Hong Kong, ended down just 0.6% versus an earlier loss of as much as 3.6%. Financial and property stocks were among those that led the recovery. China’s benchmark CSI 300 Index reversed early declines to end 0.7% higher.