AGL 40.02 Increased By ▲ 0.02 (0.05%)
AIRLINK 127.35 Increased By ▲ 0.31 (0.24%)
BOP 6.62 Decreased By ▼ -0.05 (-0.75%)
CNERGY 4.50 Decreased By ▼ -0.01 (-0.22%)
DCL 8.70 Increased By ▲ 0.15 (1.75%)
DFML 41.80 Increased By ▲ 0.36 (0.87%)
DGKC 87.70 Increased By ▲ 0.85 (0.98%)
FCCL 32.65 Increased By ▲ 0.37 (1.15%)
FFBL 65.01 Increased By ▲ 0.21 (0.32%)
FFL 10.25 No Change ▼ 0.00 (0%)
HUBC 109.55 Decreased By ▼ -0.02 (-0.02%)
HUMNL 14.74 Increased By ▲ 0.06 (0.41%)
KEL 5.09 Increased By ▲ 0.04 (0.79%)
KOSM 7.59 Increased By ▲ 0.13 (1.74%)
MLCF 41.30 Decreased By ▼ -0.08 (-0.19%)
NBP 59.70 Decreased By ▼ -0.71 (-1.18%)
OGDC 193.80 Increased By ▲ 3.70 (1.95%)
PAEL 28.25 Increased By ▲ 0.42 (1.51%)
PIBTL 7.78 Decreased By ▼ -0.05 (-0.64%)
PPL 151.75 Increased By ▲ 1.69 (1.13%)
PRL 26.34 Decreased By ▼ -0.54 (-2.01%)
PTC 16.16 Increased By ▲ 0.09 (0.56%)
SEARL 84.05 Decreased By ▼ -1.95 (-2.27%)
TELE 7.75 Increased By ▲ 0.04 (0.52%)
TOMCL 35.40 Decreased By ▼ -0.01 (-0.03%)
TPLP 8.15 Increased By ▲ 0.03 (0.37%)
TREET 16.05 Decreased By ▼ -0.36 (-2.19%)
TRG 52.74 Decreased By ▼ -0.55 (-1.03%)
UNITY 26.37 Increased By ▲ 0.21 (0.8%)
WTL 1.25 Decreased By ▼ -0.01 (-0.79%)
BR100 9,953 Increased By 69.4 (0.7%)
BR30 30,908 Increased By 307.7 (1.01%)
KSE100 93,812 Increased By 456.3 (0.49%)
KSE30 29,062 Increased By 130.9 (0.45%)

China shares ended higher on Monday as investors took hope from data showing home prices rose in April, but renewed trade tensions between Beijing and Washington and the threat of a second wave of coronavirus infections limited gains.

At the close, the Shanghai Composite index was up 0.24% at 2,875.42.

The blue-chip CSI300 index was up 0.26%, with its financial sector sub-index higher by 0.06%, the consumer staples sector up 2.62%, the real estate index up 1.39% and the healthcare sub-index up 1.81%.

Real estate shares got a boost from new data showing China's new home prices rose at a slightly faster pace in April, adding to signs of a gradual recovery in the property market. Chinese authorities have pledged to support the pandemic-hit economy.

The smaller Shenzhen index ended down 0.43% and the start-up board ChiNext Composite index was weaker by 0.445%.

Improved risk appetite pushed benchmark 10-year Chinese government bond futures lower. The most-traded contract, for September delivery, fell as much as 0.60% and was last down 0.52%.

However, highlighting continued difficulties for the economy, global demand has slumped significantly due to the virus outbreak and trade faces "unprecedented challenges", China's commerce minister said on Monday.

Tech shares slumped 3.30% after a report said Taiwan Semiconductor Manufacturing Co Ltd has stopped new orders from Huawei Technologies in response to US moves to limit chip supplies to Huawei, which have reinflamed US-China trade war concerns. TSMC said the report was "purely market rumour".

So far this year, the Shanghai stock index is down 5.7% and the CSI300 has fallen 4.2%, while China's H-share index listed in Hong Kong is down 12.9%. Shanghai stocks have risen 0.54% this month.

Copyright Reuters, 2020

Comments

Comments are closed.