China stocks, yuan continue advance on better US ties hopes

22.01.2021

China stocks settled higher on Thursday, in line with other Asian markets on hopes of more stimulus from U.S. President Joe Biden’s administration to cushion the economic damage wreaked by the COVID-19 pandemic.

The blue-chip CSI300 index rose 1.6% to 5,564.97, while the Shanghai Composite Index added 1.1% to 3,621.26.

The tech-heavy...