China shares end higher on stimulus hopes as COVID cases rise | The Peninsula Qatar

SHANGHAI: Chinese shares closed up on Wednesday, as investors were expecting measures to stabilise the economy after a surge in domestic COVID-19 infections. At the close, the Shanghai Composite index was up 0.3% at 3,271.03, rising for the sixth consecutive session. The blue-chip CSI300 index gained 0.5%. Investors have been expecting more easing moves, including possible cuts to banks’ reserve requirements, after assurances of more support by the country’s economic czar Vice Premier Liu He and other policymaking bodies last week. Leading gains, the real estate sector sub-index rose 1.9%, while the healthcare sub-index jumped 2.48% after companies reported strong…