Business News

Shanghai stocks shake off export data to end higher

HONG KONG, (APP/AFP) – Shares in Shanghai ended slightly
higher Tuesday thanks to a late rally, with speculation of state-buying after data showed February exports plunged at their sharpest rate in almost seven years.
The benchmark Shanghai Composite Index edged up 0.14 percent, or 4.05
points, to 2,901.39 and the Shenzhen Composite Index, which tracks stocks on
China’s second exchange, rose 0.51 percent, or 8.89 points, to 1,750.54.
In Hong Kong the Hang Seng Index fell 0.73 percent, or 148.14 points,
to 20,011.58.