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2021-03-17

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China shares end flat as market eyes Fed outcome, Sino-U.S. meeting

SHANGHAI, March 17 (Reuters) - China stocks ended flat on Wednesday as investors shifted focus to th

China shares end flat as market eyes Fed outcome, Sino-U.S. meeting

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Sino-U.S. relations have been one of the key factors influencing Chinese financial markets over the past few years.</p>\n<p>Separately, Chinese companies targeted by a sweeping investment ban imposed by former U.S. President Donald Trump are considering suing the U.S. government after a federal judge on Friday suspended a similar blacklisting for Beijing-based smartphone maker Xiaomi.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158940318","content_text":"SHANGHAI, March 17 (Reuters) - China stocks ended flat on Wednesday as investors shifted focus to the outcome of a U.S. Federal Reserve policy meeting, to see if the central bank could start raising interest rates sooner than expected.\nFed policymakers are expected this week to forecast that the U.S. economy will grow in 2021 at the fastest rate in decades as the COVID-19 vaccination campaign gathers pace and a $1.9 trillion relief package washes through to households.\nAt the close, the Shanghai Composite index was down 0.03% at 3,445.55, while the blue-chip CSI300 index was up 0.42% to 5,100.86.\nThe financial sector sub-index was lower by 1.42%, the consumer staples sector rose 1.58%, the real estate index fell 0.96% and the healthcare sub-index gained 0.49%.\nThe smaller Shenzhen index ended up 0.97% and the start-up board ChiNext Composite index was higher by 1.198%.\nGains were driven by agricultural shares after the government unveiled measures to support the development of Taiwan-funded companies in agriculture and forestry in mainland China.\nThe sector also gained support after the central Henan province said it would strictly prevent illegal genetically modified seeds from entering the market this year.\nAt the close, Winall Hi-tech Seed Co Ltd jumped 7.7%, Hefei Fengle Seed Co Ltd leapt 6.4%, and Zhongnongfa Seed Industry Co Ltd jumped 4.9%.\nSome investors said they would closely watch the first high-level, in-person contact later this week between Beijing and Washington since U.S. President Joe Biden took office. 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China shares end flat as market eyes Fed outcome, Sino-U.S. meeting

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