Chinese shares lead Asian rebound, but still headed for worst month in two years
Shanghai — Asian share markets rallied from nine-month lows on Friday, after China eased foreign investment limits. Underlying sentiment, however, was damped by concern about trade friction a week before initial US and Chinese tariffs were set to take effect. MSCI’s broadest index of Asia-Pacific shares outside Japan was 1% higher. Australian shares were flat. Japan’s Nikkei stock index was down 0.3%, and South Korea’s Kospi was down slightly. After falling to fresh two-year lows on Thursday, shares in China rebounded on Friday. While analysts said the jump reflected technical factors, it was helped by news that Beijing would ease foreign investment curbs on sectors including banking, vehicles, heavy industry and agriculture. The country’s central bank also said on Thursday that it would ensure that market liquidity remained "reasonably ample". The blue-chip CSI300 index gained 1.5%, and the Shanghai composite index was 1.1% higher. Nevertheless, the CSI300 and Shanghai composite ar...
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