Asian benchmarks rise after Beijing reduce levy charged on stock trades

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Asian benchmarks rose after Beijing reduced the levy charged on stock trades, among other measures. Chinese stocks pared most of their early gains and Foreign funds accelerated their selling through the day, poised to take this month’s outflows to the biggest on record. 

 

Japan’s Nikkei-225 appreciated 1.7 per cent, China’s Shanghai Composite was up by 1.1 per cent, South Korea’s Kospi rose 0.9 percent, Hong Kong’s Hang Seng index surged 0.9 per cent and Singapore’s Straits Times index accelerated 0.7 per cent. 

 

European Markets were all in green with France’s CAC-40 surging 0.5 per cent, Germany’s DAX appreciating 0.3 per cent and London’s FTSE-100 rose 0.07 per cent.