percent: Sentiment was also dampened by a Reuters report that China would lower its 2017 economic growth target to around 6.5 percent from 6.5-7 percent in 2016, indicating that China would tolerate a more moderate pace of growth this year and making large-scale fiscal stimulus less likely, according to Global Times China. However, both markets went up in the afternoon, with some individual stocks outperforming the markets. Both the Shanghai and Shenzhen stock markets had kicked off lower, as small caps skidded for the ninth consecutive session, rattling investor confidence and reviving memories of the broader market crash in mid-2015. Leshi Internet Information and Technology Corp climbed by the 10 percent daily limit to close at 38.94 yuan 5.64 . The blue-chip CSI 300 index inched up 0.21 percent to 3,326.36 points on Tuesday. ChiNext, the country's start-up board, jumped 2.02 percent to 1,867.87 points. The benchmark Shanghai Composite Index added 0.17 percent to close at 3,108.77 points, while the Shenzhen Component Index rose 1.17 percent to 9,826.79 points.
(news.financializer.com). As
reported in the news.
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