China Stocks Eke Out Gains as Traders Assess Xi’s Policy Signals
- Traders are hoping for looser Covid curbs, property stimulus
- Crucial Party congress kicked off Sunday with Xi speech
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Chinese stocks erased declines during afternoon trading as investors digested President Xi Jinping’s speech, which offered support for the tech sector but disappointed investors hoping for signs of a shift away from Covid Zero.
The benchmark CSI 300 Index closed 0.1% higher after sliding as much as 0.9% Monday. A gauge of Chinese equities listed in Hong Kong also closed 0.1% higher, having earlier slumped more than 2%.