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By Reuters Staff
2 Min Read
SHANGHAI, Jan 25 (Reuters) - China shares ended higher on Monday, underpinned by consumer and liquor stocks, though gains were limited by Sino-U.S. tensions. The blue-chip CSI300 index rose 1% to 5,625.92, while the Shanghai Composite Index added 0.5% to 3,624.24. Leading the rally, the CSI300 consumer staples index climbed 4.7%, while the CSI300 consumer discretionary index gained 2.1%. Liquor makers shined, with Anhui Gujing Distillery Co Ltd and Jiangsu Yanghe Brewery Joint-Stock Co Ltd both rising by their 10% daily trade limits. “Liquor firms are favoured due to their stable earnings, though investors are also shifting to sectors with low valuations including banking and insurance firms, whose earnings are expected to recover on the back of China’s economic recovery,” said Zheng Zichun, an analyst with AVIC Securities.