Dow Set to Open Up as Market Rebounds From Selloff

view original post

Chinese shares closed higher. Investors remain on watch for any further developments in the U.S.-China trade tensions and if Beijing will release more stimulus to boost the economy.

Despite stronger-than-expected first-quarter GDP growth, analysts worry that growth in the second quarter will slow significantly.

The property sector led gains in the session with China Vanke up 2.3% and Poly Developments & Holdings adding 4.2%. Meanwhile, auto stocks led the declines with Seres Group down 3.85% and Yutong Bus falling 3.3%.

The benchmark Shanghai Composite Index gained 0.1% to 3280.34, the Shenzhen Composite Index and the ChiNext Price Index each rose by 0.1%.