Chinese equities edged up by 0.38percent Thursday as banks and real estate developers staged a strong rebound during the afternoon.
The benchmark Shanghai Composite Index gained 10.83 points to finish at 2,853.55. The Shenzhen Component Index advanced 0.12 percent, or 13.54 points, to close at 11,475.88.
Combined turnover shrank for a third day, from Wednesday’s 191.61 billion [...]
Chinese equities closed 2.02 percent up on Thursday after an overnight U.S. market rally, setting for the highest close since Aug.14, driven up by raw-materials related heavyweights.
The benchmark Shanghai Composite Index grew 60.55 points to finish at 3,060.26.
The Shenzhen Component Index closed up 1.45 percent, or 178.73 points, to end at 12,473.61.
Aggregate turnover expanded to [...]
Shanghai’s key stock index closed nearly 1 percent lower yesterday, led by PetroChina and other sluggish heavyweights, as investors took profits after a seven-day rally.
The Shanghai Composite Index shed 0.73 percent, or 21.38 points, to close at 2,924.88. Turnover shrank to 116.9 billion yuan (US$17.19 billion) from 153.3 billion yuan on Wednesday. Losers outpaced gainers [...]
Chinese equities gained on Wednesday, led by banking shares on the prospect that the country would not tighten its monetary policy.
The benchmark Shanghai Composite Index went up 1.16 percent, or31.25 points, to finish at 2,714.97. The Shenzhen Component Index advanced 1.17 percent, or 124.67 points, to end at 10,738.95.
Combined turnover further shrank to 137.04 billion [...]
Chinese shares closed slightly up on Tuesday, rebounding from the biggest drop in nine months on Monday’s trading, as steel and energy-related shares gained.
The benchmark Shanghai Composite Index was up 1.40 percent, or 40.25 points, to close at 2,910.88. The Shenzhen Component Index added 0.9 percent, or 104.50 points, to finish at 11,773.30.
Combined turnover on [...]
Chinese shares posted their steepest single-day drop in nine months yesterday on reports that fund managers increased the withdrawal of capital from the stock market last month, further fanning worries about liquidity.
Analysts said they believed the sharp reduction was also fueled by China’s recent tough stance against credit growth after a large portion of bank [...]
