However, China stocks ended lower to post a third consecutive session of losses, with the benchmark Shanghai index hitting a six-month low, even as data showed the country’s trade performance in January exceeded expectations.
Bulgaria Air starts operating 10 new regular passenger flights to some of the most attractive cities in Europe and…10 Views | the publication reaches you by | Bulgarian Business Club
Singapore shares ended 1 per cent higher, snapping four sessions of losses with DBS Group Holdings surging 5.3 per cent after posting a 33 per cent rise in fourth-quarter profit.
United Overseas Bank and Oversea-Chinese Banking Corporation rose around 1 perc ent each.
In Shanghai, investors dumped blue chips, including energy and banking firms, as well as infrastructure and property companies.
The sell-off came even after China’s state-backed securities newspapers, including China Securities News and Securities Times, ran articles reassuring investors that mainland stocks had quite solid fundamental support and that their valuations were relatively low among the world’s major markets.
It also comes on the heels of China’s January trade growth which easily beat market expectations, with exports rising 11.1 per cent year-on-year and imports surging 36.9 per cent, customs data showed on Thursday.
The Bulgarian economy shrunk by 4.6 percent last year, and in 2021 the country expects a recovery and…15 Views | the publication reaches you by | Bulgarian Business Club
Do you have information you want to reach our readers?