(Reuters) – China’s shares increased their gains on Tuesday, led by the basic resources and alcoholic beverages sectors, after the central bank pledged to stabilize credit supplies and increase monetary support for small businesses and the economy.
The CSI300 index, which brings together the largest companies listed in Shanghai and Shenzhen, rose 1.09%, while the Shanghai index rose 1.07%.
The sub-indices for basic resources, new energy vehicles and alcoholic beverages led the gains, rising 2.8%, 2.7% and 2.8% respectively.
China’s central bank president Yi Gang said on Monday that monetary policy should increase credit support for the real economy, especially small and medium-sized businesses, and improve overall credit growth stability.
. In TOKYO, the Nikkei index rose 0.87% to 27,732 points.
. In HONG KONG, the HANG SENG index rose 2.46% to 25,727 points.
. In SHANGHAI, the SSEC index gained 1.07% to 3,514 points.
. The CSI300 index, which brings together the largest companies listed in SHANGHAI and SHENZHEN, advanced 1.09% to 4,888 points.
. In SEUL, the KOSPI index appreciated by 1.56% to 3,138 points.
. In TAIWAN, the TAIEX index rose by 0.46% to 16,818 points.
. In SINGAPORE, the STRAITS TIMES index gained 0.65% to 3,107 points.
. In SYDNEY the S&P/ASX 200 index advanced 0.17%, to 7,503 points.
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