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2021-02-09
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China's blue-chip index ends at 13-year high on rare earths boost
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Feb 9 (Reuters) - China's blue-chip index closed on Tuesday at the highest level in 13 years, with rare earth stocks shining, as investors were reassured by a quicker economic recovery following a containment of a resurgence of locally transmitted COVID-19 infections.</p>\n<p>The blue-chip CSI300 index ended up 2.19% at 5686.25, the highest closing level since January 15, 2008, with its consumer staples sector adding 2.91% and the healthcare sub-index climbing 2.11%.</p>\n<p>The Shanghai Composite index was up 2.01% at 3,603.49, the biggest daily gain in nearly a month.</p>\n<p>Leading the gains, the rare earth sector sub-index surged 5% while the natural resource sub-index gained 4.5%.</p>\n<p>The smaller Shenzhen index ended up 2.44% and the start-up board ChiNext Composite index was higher by 1.714%.</p>\n<p>China reported 14 new COVID-19 cases on the mainland on Feb. 8, official data showed on Tuesday, unchanged from a day earlier and the second day of no locally transmitted infections.</p>\n<p>Auto sales in the country surged in January with a 30% jump from the same month a year earlier, the tenth month of gains, as China continued to lead the global automobile industry's recovery from the COVID-19 pandemic.</p>\n<p>Shares in China's digital currency-related stocks rose, underpinned by gains for cryptocurrencies.</p>\n<p>Around the region, MSCI's Asia ex-Japan stock index was firmer by 0.42%, while Japan's Nikkei index closed up 0.4%.</p>\n<p>At 0711 GMT, the yuan was quoted at 6.4497 per U.S. dollar, 0.01% weaker than the previous close of 6.4488.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","000300.SH":"沪深300","000001.SH":"上证指数"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2110243054","content_text":"BEIJING, Feb 9 (Reuters) - China's blue-chip index closed on Tuesday at the highest level in 13 years, with rare 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