China shares rise on boost from healthcare, banking stocks
China shares rose on Wednesday with healthcare and banking stocks leading the gains, as investors cheered upbeat quarterly earnings results. ** At the midday break, the Shanghai Composite index was up 0.15% at 3,478.06 points, while the blue-chip CSI300 index was up 0.32%. ** Lenders were cheered by investors after some banks posted upbeat quarterly results.
China shares rose on Wednesday with healthcare and banking stocks leading the gains, as investors cheered upbeat quarterly earnings results. ** At the midday break, the Shanghai Composite index was up 0.15% at 3,478.06 points, while the blue-chip CSI300 index was up 0.32%. ** The blue-chip's banking sector sub-index was higher by 1.52%, while the consumer staples sector was up 0.77%, and the healthcare sub-index up 1.67%. ** Lenders were cheered by investors after some banks posted upbeat quarterly results. ** Shenzhen shares in Ping An Bank Co Ltd climbed by 5.72% to 22.93 yuan in the morning session, touching their highest since March 5. ** The bank posted a 18.5% jump in net profit in the January-March quarter, thanks to the country's economic recovery. ** The sector's performance also shrugged off overnight comments from a senior banking regulator, who urged banks to prepare for a rebound in bad loans, and fully evaluate such risks. ** Chinese H-shares listed in Hong Kong fell 1.62% to 10,905.97, while the Hang Seng Index was down 1.63% at 28,661.58. ** The smaller Shenzhen index was up 0.22%, the start-up board ChiNext Composite index was higher by 0.42% and Shanghai's tech-focused STAR50 index was down 0.07%. ** Around the region, MSCI's Asia ex-Japan stock index was weaker by 1.07% while Japan's Nikkei index was down 2.23%.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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