By Reuters Staff
3 Min Read
SHANGHAI, March 17 (Reuters) - China stocks were subdued on Wednesday, as investors await the U.S. Federal Reserve policy meet outcome for cues on whether the central bank could start raising interest rates in 2023, earlier than it had previously said. Fed policymakers are expected this week to forecast that the U.S. economy will grow in 2021 at the fastest rate in decades, with unemployment falling and inflation rising, as the COVID-19 vaccination campaign gathers pace and a $1.9 trillion relief package washes through to households. At the midday break, the Shanghai Composite index edged down 0.31% to 3,435.96 points, while China’s blue-chip CSI300 index traded flat at 5,083.57.
By Reuters Staff
3 Min Read
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. Fed 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. At 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.