Chinese shares are little changed as investors continue to digest the country's latest economic data. While China's current wave of Covid-19 infections is likely to weigh on growth at the start of the year, reopening efforts mean that economic activity may return to normal in 2Q or even as early as March, Commerzbank analysts say in a note. The benchmark Shanghai Composite Index and the Shenzhen Composite Index each rise 0.1% to 3228.54 and 2097.07, respectively, while the ChiNext Price Index is flat at 2545.51. Bank of Shanghai slips 0.2% following news that Deputy Head Cui Qingjun resigned. ICBC shares gain 0.2% following the appointment of Duan Hongtao as senior executive vice president.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
H