Chinese Stocks Bounce Back as Stimulus Hopes Offset Trump Risks
- Both CSI and HSCEI extend gains in the afternoon session
- Investors weigh trade tensions against Beijing’s stimulus
A screen shows Chinese stock market movements in Beijing on Nov. 7.
Photographer: Wang Zhao/AFP/Getty Images
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Chinese shares rebounded strongly from Wednesday’s losses as robust exports and hopes for more stimulus outweighed concerns about tariffs spurred by the US election outcome.
The onshore CSI 300 Index climbed 3% to finish at its highest level in about a month, despite a 1% loss after the opening bell. It fell 0.5% in the previous session. A key gauge of Chinese firms listed in Hong Kong closed 2.5% higher.