China stocks erase early fall, helped by consumer and healthcare firms

SHANGHAI: China stocks edged up on Tuesday, erasing early losses thanks mainly to gains in consumer and healthcare shares as investors awaited third-quarter economic data and earnings reports.
The blue-chip CSI300 index, which at one point was down 0.7 percent, rose 0.2 percent, to 3,889.86 points.
The Shanghai Composite Index added 0.3 percent to 3,382.99 points.
Economic data in coming weeks is expected to show solid growth continued into September, though many China watchers maintain there will be some loss of momentum in coming months in response to higher borrowing costs and a cooling housing market.
Wang Jun, a strategist at Hua Chuang Securities, expected markets to be stable ahead of a key Communist Party Congress starting on Oct. 18. The twice-a-decade event will see a leadership reshuffle and discussions on long-term political and economic priorities.