China stocks rise as consumer firms lend support; HK up

Risk sentiment was supported by a series of strong first-half earnings from Chinese companies as Beijing ramped up stimulus support to revive an economy hammered by the COVID-19 crisis.

SHANGHAI: Chinese stocks advanced on Friday and were set for weekly gains, boosted by consumer and healthcare firms, although uncertainty over the US-China trade talks weighed on sentiment.

The CSI300 index rose 1.2% to 4,734.11 points by the end of the morning session, while the Shanghai Composite Index gained 0.8% to 3,390.09 points.