China stocks close firmer as investors eye stimulus plan, yuan down


Chinese stocks ended higher on Thursday, led by consumer shares, as investors cheered news of Beijing’s pledge to boost domestic consumption and promote an innovation-driven growth model to salvage a pandemic-ravaged economy.

The blue-chip CSI300 index ended 0.7% higher at 4,927.99, while the Shanghai Composite Index climbed 0.5% to 3,363.09 points.