Sentiment was also supported by reports that China's cabinet, the
State Council, may take a more active more in financial regulation
following a series of perceived misteps under the current regulatory
regime.
A vendor holds Chinese Yuan notes at a market in Beijing, August 12, 2015. REUTERS/Jason Lee
China stocks closed
higher in choppy trade on Tuesday as the central bank tried to stabilise
the yuan after allowing it to sharply depreciate in the first week of
the year, sowing confusion in global financial markets over its policy
direction.
Sentiment was also supported
by reports that China's cabinet, the State Council, may take a more
active more in financial regulation following a series of perceived
misteps under the current regulatory regime.
The
CSI300 index of the largest listed companies in Shanghai and Shenzhen
rose 0.7 percent to 3,215.71 points, while the Shanghai Composite Index
gained 0.2 percent to 3,022.86 points.
Among the
most active stocks in Shanghai were CN Shipbuilding, up 3.0 percent to
8.24 yuan; Shanxi Coal, down 3.5 percent to 4.94 yuan and Nanjing Steel,
down 6.3 percent to 2.97 yuan.
In Shenzhen, Hebei
Steel, down 2.2 percent to 3.54 yuan; Myhome, down 5.8 percent to 5.35
yuan and BOE Technology, up 0.4 percent to 2.76 yuan were among the most
actively traded.
Total turnover of A shares traded in Shanghai was 20.6 billion lots, while Shenzhen volume was 21.7 billion lots.
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