Chinese stocks end with healthy gains

Shanghai stocks ended on Tuesday sharply higher after China unveiled huge tax cuts to boost the stuttering economy, while investors remain optimistic about the chances of a trade deal with the United States.

The benchmark Shanghai Composite Index climbed 0.88% to 3 054.25, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, added 2.28% to 1 635.98.

The Hang Seng Index in Hong Kong closed marginally higher, inching up 2.01 points, to 28 961.60.

ZAR/USD
17.35
(+0.20)
ZAR/GBP
22.73
(+0.11)
ZAR/EUR
20.56
(+0.07)
ZAR/AUD
12.46
(-0.06)
ZAR/JPY
0.16
(-0.11)
Gold
1943.35
(-0.68)
Silver
26.38
(-3.85)
Platinum
943.00
(-1.66)
Brent Crude
45.01
(-1.03)
Palladium
2109.00
(-2.75)
All Share
57077.48
(-0.60)
Top 40
52737.48
(-0.65)
Financial 15
10156.41
(-0.69)
Industrial 25
75107.47
(-0.84)
Resource 10
58926.78
(-0.40)
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