China stocks higher at close of trade; Shanghai Composite up 2.50%

China stocks were higher after the close on Friday, as gains in the Travel & Leisure, Real Estate Investments & Services and Banking sectors led shares higher.

At the close in Shanghai, the Shanghai Composite added 2.50% to hit a new 1-month high, while the SZSE Component index climbed 2.13%.

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European stocks open higher as trade fears ease; Smiths Group falls 9%

European stocks opened higher Thursday as investors shrugged off worries over the U.S.-China trade dispute.

The pan-European Stoxx 600 edged up 0.4 percent, with all sectors in positive territory. Among the bourses, Italy’s FTSE MIB led the upward charge, over 0.8 percent higher.

In dealmaking news, ride-hailing firm Uber is reportedly in early discussions to buy food delivery upstart Deliveroo for several billion dollars. Bloomberg, citing people familiar with the plans, said any offer would need to be considerably higher than Deliveroo’s last reported valuation of more than $ 2 billion. Shares of listed competitors Just Eat and Delivery Hero fell on the news, down 6.5 percent and 1.9 percent respectively.

Source : CNBC

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Hong Kong Stocks Head Into Weekend On Strong Note

Hong Kong stocks posted a fourth day of gains Friday to end the week with a sparkle following a record close on Wall Street, with investors concentrating on the healthy US economy rather than the China-US trade row.

The Hang Seng Index rose 1.73 percent, or 475.91 points, to close at 27,953.58.

The benchmark Shanghai Composite Index soared 2.50 percent, or 68.24 points, to 2,797.48, while the Shenzhen Composite Index, which tracks stocks on China’s second exchange, jumped 1.77 percent, or 25.09 points, to 1,445.11.

Source : AFP

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