(Yicai Global) March 29 -- China's stock markets rose along with global indexes, with the shipping and telecom operation sectors spearheading the charge.  

The Shanghai Composite Index climbed 0.19 percent to 3,000.68. The Shenzhen Component Index increased 0.1 percent to 9,556.30. The ChiNext Index was up 0.4 percent to 1,633.38.

The shipping and telecom sectors headed the pack, while the hemp and ports sectors held to their which began yesterday.

Famous liquor maker Kweichow Moutai [SHA:600519] opened up 3.5 percent at CNY 835 (USD106), a record high. It gained net profit of CNY35.2 billion (USD4.5 billion), up 30 percent from a year earlier, per its 2018 annual report issued yesterday. Many securities firms have raised its target price.

The Hong Kong's Hang Seng Index edged up 0.13 percent. China Power Clean Energy [HK:0735] rose more than 30 percent after being taken private and delisted by China Guodian at a premium price 40 percent higher. Property developer Sunac China [HK:01918] opened nearly 6 percent higher after a 51 percent jump in net profit last year.

Japan and South Korea also kicked off higher, with the Nikkei 225 Index scaling 1.13 percent to 21,033.76. Japan's Topix Index went up 0.9 percent to 1,595.58. South Korea's Seoul Composite Index started off 0.5 per cent higher. US shares were also up overnight with the S&P 500 posting its best first-quarter performance in 21 years.
Editor: Ben Armour