Despite COVID Outbreaks, China Stocks End Day Higher on Export Data


Source: bollyinside.com bollyinside.com

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Patrick Huston 2 min. Even if recent growing COVID-19 instances clouded the outlook for an economic recovery, data indicated exports in June grew at their quickest pace in five months. This helped China stocks end a three-session losing run. ** Asian stocks also made slight gains, as investors awaited a highly anticipated U.S. inflation report later in the global day. ** Outbound shipments in June were 17.9% higher than a year earlier, the fastest growth since January, official customs data showed. ** The blue-chip CSI300 index rose 0.2% to 4,321.46, while the Shanghai Composite Index edged up 0.1% to 3,284.29...