Shanghai’s key stock index yesterday tumbled to its lowest close in three weeks, on concern more share sales soon will divert funds from existing equities.
The Shanghai Composite Index dropped 2.34 percent, or 76.14 points, to close at 3,179.08, slipping for a third day in a row. Turnover yesterday totaled 123.8 billion yuan (US$18.1 billion).
China First [...]
Shored up by optimism in China’s economic outlook, China’s major Shanghai stock index climbed 3.2 percent Monday as investors’ nervousness over Dubai debt meltdown was also fading, analysts said.
“The Dubai debt crisis will have limited influence on China as the country’s enterprises have little exposure to the United Arab Emirate,” said Zhuang Jian, senior economist [...]
The average return of funds managed by overseas institutions to trade in yuan shares grew 8.12 percent in October, led by the robust growth of the domestic stock market, an industry report said yesterday.
The performance outshone that of domestic equity funds, which rose 7.38 percent in average returns, according to research firm Lipper & Co.
In [...]
The Shanghai stock market is not likely to perform strongly this week on investor concerns over inflation.
Last week the benchmark Shanghai Composite Index gained 6.74 percent to close at 3,107.85, its third weekly increase in the month.
The barometer may stay flat after having gained for three weeks and some investors may take profits after it [...]
Shanghai shares will likely continue to gain this week as economic data due out may show encouraging signs pointing to a sound economic recovery, analysts said.
The benchmark Shanghai Composite Index closed at 2976.63 after gaining 2.2 percent last week on better-than-expected new loans and exports in September. New yuan lending reached 517 billion yuan (US$75.72 [...]
Shanghai’s key stock index continued to rise yesterday after China reported that exports declined at a slower pace last month, easing concerns of economic recovery being hampered by lackluster global demand.
The Shanghai Composite Index added 1.17 percent to 2,970.53. The gain narrowed from a 2.5-percent intraday gain after investors cashed in at a high of [...]
