China's consumer stocks climb ahead of Golden Week holiday

Foshan Haitian Flavouring and Food Co

30/09/2020 03:53

** Shares of China's consumer firms rise on Wednesday, as
investors expect robust consumption during the upcoming Golden
Week holiday
    ** The week-long period, including the Mid-Autumn Festival
and the National Day holiday, begins Oct. 1 and ends Oct. 8
    ** Beijing has taken a raft of measures to boost domestic
consumption to help shore up growth amid the COVID-19 pandemic
 urn:newsml:reuters.com:*:nL3N2GI1V5
    ** The CSI300 consumer staples index  .CSI000912  adds as
much as 2%, having gained more than 40% so far this year 
    ** Industry bellwethers Foshan Haitian Flavouring
 603288.SS , Kweichow Moutai Co Ltd  600519.SS , Inner Mongolia
Yili Industrial Co Ltd  600887.SS  and Henan Shuanghui
 000895.SZ  up between 1.9% and 3.6%
    ** The CSI300 consumer discretionary index  .CSI000911 
climbs 1.3%, led by electric car maker Byd Co Ltd  002594.SZ 
advancing 7.7%

 ((luoyan.liu@thomsonreuters.com; Reuters Messaging:
luoyan.liu.thomsonreuters.com@reuters.net))