China Blue-Chips Gain on Trade Talk Plan; Shanghai Lower

China’s blue-chip index closed higher on Friday, following its peers in the region, on prospects of a new round of trade talks between China and the U.S., but mixed economic data weighed on the Shanghai Composite index.

The Shanghai Composite index ended down 0.2 percent at 2,681.64 points. The index is down 0.8 percent for the week, its third consecutive weekly fall. The blue-chip CSI300 index gained 0.2 percent to 3,242.09 points at close on Friday, but was down 1.1 percent for the week.

China’s growth looks set to cool further in coming months, with a barrage of August economic data doing little to dispel views that domestic demand is softening and government support measures will take some time to kick in.

Source : Reuters

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