China
stocks climbed in early trading on Monday, extending strong gains over
the past four sessions, as investors reacted positively to statements
from top Chinese leaders at the annual parliament session over the
weekend.
Hong
Kong shares also had a positive start to the week, aided by an upbeat
mood in the region, following Friday gains in U.S. and European markets,
and continued rebound in oil and commodity prices.
The
CSI300 index rose 0.6 percent to 3,113.50 points at 2:05 GMT, while the
Shanghai Composite Index gained 0.7 percent to 2,895.25 points.
The Hang Seng index in Hong Kong was up 0.3 percent, to 20,239.77 points.
China's
top economic planner said on Sunday that the country's economy was not
headed for a hard landing and was not dragging on the global economy,
but uncertainty and instability in the global economy did pose a risk to
growth.
Beijing
has set a growth target of 6.5 percent to 7 percent for this year, and
aims to run a fiscal deficit equivalent to 3 percent of GDP, up from the
previous year's target of 2.3 percent.
China's
start-up board ChiNext jumped over 3 percent in early trading,
recovering much of Friday's sharp losses, after Beijing laid out its
vision over the weekend to become a tech power over the next five years.
Source: reuters
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