SHANGHAI, Nov 17 (Businesshala) – China shares closed higher on Wednesday led by non-ferrous metals and new energy stocks.
The blue-chip CSI300 index gained 0.1% to 4,885.75, while the Shanghai Composite Index gained 0.4% to 3,537.37.
** Lithium shares rose 10%, with Tibet Summit Resources Co., Chengxin Lithium Group and Tianqi Lithium Corp.
** The boom led by more than 2.5% each in the non-ferrous metals sub-index and the new energy sub-index.
** New energy vehicles and photovoltaic shares, two sub-sectors of the new energy industry, also increased.
** A US judge overseeing trade issues on Tuesday overturned a decision by then-President Donald Trump to allow tariffs on some imported solar panels here.
** The new energy index has doubled in a year as China steps up efforts to become more green.
** High-end equipment manufacturers and defense stocks rose 2.5% and 2.1%, respectively.
** Of the first batch of 81 companies, 40 new ones entered the Beijing Stock Exchange.
** Shares have been trading sideways recently, and Wanho Securities said it expects the market to remain limited in the near future, with investors looking for directional clues.
** It said expectations of policy easing will increase as the year ends, and suggested buying blue-chips. (Reporting by Shanghai Newsroom; Editing by Uttaresh V)