The Shanghai Composite Index added 0.4 percent to 3,310.30 at the close. The gauge rose 3.3 percent during the holiday-shortened month. The measure jumped 2.2 percent yesterday after Premier Li Keqiang called for more active fiscal policy and a central bank publication said extra monetary easing is needed.
China should loosen monetary policy to reduce the impact of the economic slowdown on jobs, according to a commentary in China Securities Journal, while an article in the People’s Bank of China’s newspaper published yesterday said the central bank should cut required reserve ratios for lenders. The country’s export outlook in 2015 is still “grim,” Commerce Minister Gao Hucheng said Thursday.
The CSI 300 Index gained 0.2 percent, while the Hang Seng Index was little changed at 3:13 p.m. local time and the Hang Seng China Enterprises Index dropped 0.2 percent.
sumber : ewfpro.com
