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China stocks edge up on policy support pledge
SHANGHAI: China stocks edged up on Tuesday, after the country’s cabinet pledged to step up counter-cyclical policy support to address rising economic strains, though trading remained thin ahead of an upcoming holiday. Hong Kong shares fell. China’s blue-chip CSI300 Index was roughly flat by the lunch break, while the Shanghai Composite Index gained 0.1%. Hong Kong benchmark Hang Seng was down 0.6%. China’s real estate developers led gains onshore, with Vanke shares up nearly 8%, after the State Council meeting vowed to roll out measures to stabilise the property market. “We expect policymakers...
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