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Chinese securities have been hardly changed as they didn’t react to the economic data

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Chinese securities have been hardly changed as they didn’t react to the economic data

Chinese securities have been hardly changed as they didn’t react to the economic data
September 13
15:00 2016

On Tuesday Chinese securities have finished the trading session without significant changes, herewith the investors haven’t paid attention to the positive economic data that signal the successful outcome of Beijing attempts to support its economy, which is the second largest one in the world.

CSI300 Index that indicates the share prices of the largest companies has fallen by 0.1 percent and amounted to 3.260,33 points (the shares are traded in Shanghai and Shenzhen).The index of the Shanghai stock exchange Shanghai Composite has grown by 0.1 percent and ended the session at 3.023,51 points.

On Monday Chinese blue chips fell to the lowest marks for three months together with the sudden fall of global markets, which was caused by the rumors that the Fed would raise the rate the next week.

The Chinese industrial production rapidly increased in August. This has happened for the first time over five months. Retail sales were also high. However, investors and analysts doubt the stability of the recovery rates.

Economist at Capital Economics, Julian Evans-Pritchard said: “The belated impact of the policy easing means that, probably, the second half of the year will be stronger.”

“It must be admitted that the further easing of the monetary policy is unlikely in the short term, so the growth of the economic activity may fade away by the beginning of the next year”, – wrote Evans-Pritchard.

Most sectors have ended the day with the negative dynamics while the papers of the infrastructure sector have demonstrated just a slight fall.

Hong Kong’s stock market has lost the advantage, which it received before, and finished the trade on Tuesday in the red.

Hang Seng Index has fallen by one-third percent and amounted to 23.215,76 points. The index of Chinese companies which are traded in Hong Kong has lost 0.9 percent and closed the session at the level of 9.571,06 points.

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