NEWS: China's stock market closed higher on favorable measures of small and micro ente

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China equities closed higher on Tuesday, buoyed by hopes of more positive economic measures from the authorities.
CSI300 rose 0.7 percent to 3992.96, while Shanghai Composite Index. SSEC rose 0.7 percent to 2982.68.
China's Premier Li Keqiang said on Monday that he will further study and adopt various measures such as reducing and targeted reducing the standard, refinancing and rediscount, reduce the real interest rate and comprehensive financing cost, and promote the obvious alleviation of the financing difficulty and high cost of small and micro enterprises.
After Li Keqiang's speech, China's bond market rose slightly on Tuesday morning due to the further warming of easing expectations.
MSCI Mingsheng Asia Pacific Index (excluding Japan) fell 0.1%, while Japanese Nikkei index. N225 rose 0.04%.
At 07:39 GMT, the yuan was at 7.008 yuan = cfxs, up 0.06% from the previous day's close of 7.0125.
In the Shanghai Composite Index, Huayi Electric (600290. SS) rose 10.09%, while Zhengchuan shares (603976. SS) fell 10%.
So far, the Shanghai composite index is up 19.6% this year, the Shanghai Shenzhen 300 index is up 32.6%, and the Hong Kong Hang Seng SOE index is up 9%. The Shanghai Composite Index rose 3.85% this month.


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