China stocks end higher, bleak data curb gains [Reuters (UK)]
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Source: Reuters
China stocks end higher, bleak data curb gains - Reuters 3 Min Read * Trump delays tariffs on Chinese cellphones, laptops, toys * China July industrial output growth falls to 17-yr low SHANGHAI, Aug 14 (Reuters) - China stocks closed higher on Wednesday, following the tariffs reprieve from Washington, but gave up much of early gains as bleak data rekindled worries over the country’s’ economic health. ** The blue-chip CSI300 index ended 0.5% higher to 3,682.40, while the Shanghai Composite Index rose 0.4% to 2,808.91. ** Both the CSI300 and SSEC rose as much as 1.4% and 1.2%, respectively. ** U.S. President Donald Trump on Tuesday backed off his Sept. 1 deadline for 10% tariffs on remaining Chinese imports, delaying duties on cellphones, laptops and other consumer goods, in the hopes of blunting their impact on U.S. holiday sales. ** Meanwhile, China reported a raft of unexpectedly weak July data on Wednesday, including a slump in industrial output to more than 17-year lows, pointing t
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