China Stocks See Best Week in 1 Month as Techs Lend Support

China stocks edged up on Friday to post their best week in a month, aided by strong gains in shares of technology companies.

The blue-chip CSI300 index ended 0.2 percent higher at 3,405.02 points while the Shanghai Composite Index closed flat at 2,795.31 points. For the week, CSI300 is up 2.7 percent while the SSEC gained 2 percent, both posting their best week since mid-July.

However, both the SSEC and CSI300 are down more than 10 pct since late May Technology shares have rallied after China said it has revamped a national leadership group charged with planning and studying its key technological development strategies, signalling a potential policy boost for home-grown tech firms. The tech-heavy start-up board ChiNextP rallied 2 percent this week, snapping a three-week losing streak.

Source : Reuters

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Stocks rise broadly with earnings in view; indexes set for 4th straight positive month

U.S. stocks rose on Tuesday, with major indexes rebounding from recent weakness as corporate earnings continued to come in strong.

The Dow Jones Industrial Average rose 123 points, or 0.5%, to 24,431. The S&P 500 added 13 points to 2,816, a gain of 0.5%. The Nasdaq Composite Index was up 39 points, or 0.5%, to 7,669. Both the S&P and the Nasdaq are aiming to end a three-day losing streak, while the Dow has posted two consecutive losing sessions.

The day’s gains were broad-based, with nine of the 11 primary S&P 500 sectors higher. Among the top-performing sectors were industrials, which rose 1.8%, and health care, up 1%.

With Tuesday marking the final trading session for July, the Dow is posting a 4.8% monthly gain, while the S&P and Nasdaq have tacked on 3.6% and 2.1%, respectively. Both the S&P and the Nasdaq are poised for their fourth straight monthly gain.

Source: Marketwatch

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China Stocks Climb to Highest in Month as Industrials Surge

The Shanghai Composite Index rises at least 1% for a third session, in line for highest since June 20, as building shares jump after meeting of policy makers signals spending for infrastructure projects.

CSI 300 Index’s industrials subgauge adds 3% after climbing 2.6% on Monday; China Communications Construction jumps by the 10% daily limit for a second day; China Railway Construction +8.9% and China State Construction +6.7%

Hong Kong’s Hang Seng China gauge adds 1.9% as China Communications Construction jumps 9.2%; China Railway Group and Anhui Conch add at least 5.4% to be among best performers

Source : Bloomberg

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