China shares hit 1-week high as US stimulus lifts sentiment

Also helping sentiment, mainland China reported a drop in new confirmed coronavirus cases on Wednesday as imported infections fell and no locally transmitted infections were reported.

HONG KONG: China stocks were at a one-week high on Wednesday as U.S. senators and Trump administration officials reached an agreement on a massive economic stimulus bill to cushion the economic hit from the coronavirus outbreak.

The Shanghai Composite index closed up 2.2% at 2,781.59. The blue-chip CSI300 index gained 2.7%. Both benchmarks hit their highest since March 18 during the session.