China stocks edge up amid Trump’s visit

Published: November 08, 2017 12:28:08


File Photo (Reuters)

China stocks edged up on Wednesday, with investors increasing their leveraged bets as they await US President Donald Trump’s visit to Beijing.

On the mainland, the blue-chip CSI300 index rose 0.8 per cent, to 4,086.07 points, while the Shanghai Composite Index gained 0.5 per cent, to 3,431.98 points, reports Reuters.

Reflecting rising risk appetite, outstanding margin lending - money investors borrow to buy stocks - has surpassed 1 trillion yuan in recent sessions, hitting the highest level since early 2016.

October trade data was mixed. Exports last month lagged market expectations, rising 6.9 per cent from a year earlier while imports beat forecasts, growing 17.2 per cent.

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