SHANGHAI, Dec 25 (Reuters) – Chinese stocks rose on Friday, led by commodity and healthcare companies, as the Brexit deal helped lift sentiment.
** The CSI300 index rose 0.6%, to 5,030.56 points at the end of the morning session, while the Shanghai Composite Index gained 0.8%, to 3,389.48 points.
** ChiNext tech-heavy starter board burned 0.3%, while STAR50 index climbed 0.6%.
** For the week, SSEC slipped 0.2%, while the CSI300 index added 0.6%, up nearly a five-year high.
** Leading the gains on Friday, the CSI300 product index and the CSI300 healthcare index both collected 1.7%.
** Britain signed a narrow Brexit trade deal with the European Union on Thursday, just seven days before it unveils one of the world’s largest trading blocs in the most important global move since the loss of an empire.
** Also helping to allay concerns about the country’s corporate bond shortfalls, China’s central bank said it would increase its regulation of the bond market by law, voting “zero tolerance” to attack for illegal activities.
** Looking into 2021, the Shanghai index could hit the 4,000-point level thanks to China’s tough economic recovery and continued policy support, Southwest Securities said in a report.
** Proposed breakdown of companies and cycling companies in the clean energy line while Beijing promises “carbon neutralization”.
** At the annual Central Economic Work Conference, a gathering of key leaders and policymakers to chart the course of the economy in 2021, China said it would maintain support for economic recovery, avoiding a move toward sudden in policy, to help keep growth within reasonable. range in 2021.
** Hong Kong stock market is closed Friday for a public holiday. (Reciting with Luoyan Liu and Andrew Galbraith)