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EQUITY - MARKET SCREENER

China Stocks gain on stimulus hopes
08-Jun-23   15:23 Hrs IST
Mainland China share market finished session slightly higher on Thursday, 08 June 2023, as investors sentiment underpinned on stimulus hopes after assuring comments from China's finance regulators that measures are planned to spur economic activity

At close of trade, the benchmark Shanghai Composite index added 0.49%, or 15.83 points, to 3,213.59. The Shenzhen Composite Index, which tracks stocks on China's second exchange, fell 0.15%, or 2.95 points, to 1,992.33. The blue-chip CSI300 index added 0.81%, or 30.85 points, to 3,820.19.

CURRENCY NEWS: China's yuan depreciated to its weakest in six months against the dollar on Thursday, as softer official guidance fixing and the disappointing export data. Prior to market opening, the People's Bank of China set the midpoint rate CNY=PBOC at a fresh six-month low of 7.1280 per dollar, 84 pips weaker than the previous fix of 7.1196. In the spot market, the yuan CNY=CFXS was changing hands at 7.1392, 52 pips softer than the previous late session close.

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