BCN-21 Shanghai stocks up as Trump, Xi kickstart trade talks

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BCN-21

STOCKS-MARKETS-CHINA-CLOSE

Shanghai stocks up as Trump, Xi kickstart trade talks

SHANGHAI, July 1, 2019 (BSS/AFP) – Stocks surged in China on Monday as
investors welcomed an agreement between Donald Trump and Xi Jinping to resume
trade talks.

The benchmark Shanghai Composite Index rallied 2.22 percent, or 66.02
points, to 3,044.90, while the Shenzhen Composite Index, which tracks stocks
on China’s second exchange, jumped 3.46 percent, or 54.13 points, to
1,616.55.

Hong Kong was closed for a public holiday.

BSS/AFP/HR/1430