China stocks rebound on policy support hopes Reuters 12/14/2020
SHANGHAI, Dec 14 (Reuters) - China stocks rebounded on Monday, underpinned by hopes of more policy support to shore up the world s second-largest economy hit by the COVID-19 pandemic. The blue-chip CSI300 index rose 0.9% to 4,934.84, while the Shanghai Composite Index added 0.7% to 3,369.12. Last week, the blue-chip stock index posted its biggest weekly loss in 11 weeks, as a flare-up in Sino-U.S. tensions and worries about policy tightening dented risk appetite. China will step up fiscal policy support for a strategy to make its economy mainly rely on domestic demand, supply chains and innovation, Finance Minister Liu Kun said.
Hong Kong stocks end lower as China fines Alibaba, other tech giants
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