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China’s stock market has risen due to the increased business activity

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China’s stock market has risen due to the increased business activity

China’s stock market has risen due to the increased business activity
September 19
15:00 2016

China’s Securities Market has become stronger on Monday due to the encouragement of investors. Their optimism is based on the information about the increase in the business activity.

CSI300 Index, which tracks the prices of the shares of the biggest companies, has gained 0.8 per cent and amounted to 3.263,12 points. This refers to those shares that are traded in Shanghai and Shenzhen).The Shanghai Stock Exchange Index has finished the session at the level of 3.026,05 points.

At the weekends People’s Bank of China promulgated the polls. According to the polls, in the current year the entrepreneurs have become more confident the second quarter in a row.

Fu Xuejun, an expert at Huarong Securities said that the range of the market growth in China had been limited by the unstable situation in the economy as well as the liquidity situation in the global markets even though the mood had become better.

The full range of sectors is showing the increase of 0.7 percent. The securities of the financial companies have become the leaders of the spectrum.

All the attention has been suddenly focused on the papers of the nuclear power companies. The reason for this has become the UK approval of the project regarding the building of a nuclear power plant, a part of which is being financed by China. The project is worth $ 24 billion.

The papers of the China Nuclear Engineering and SUFA Technology Industry Co Ltd have jumped in price by 10%.

Hong Kong Shares have suddenly jumped on Monday, while the uncertainty regarding the monetary policy of the US Federal Reserve has been remained. At the same time, the index which tracks fluctuations in shares of the Chinese companies, has risen by more than 2 percent at the certain time due to the inflow of the capital from China.

The index Hang Seng has risen by 0,9 %, amounting to 23.550,45 points. The index of the Chinese companies traded in Hong Kong, has gained 1.6 percent and finished the session at 9.747,75 points.

Investors are now waiting for the meeting of the Operations Committee on the open market of the US Federal Reserve on 20-21 September as well as the results of the Bank of Japan meeting on Wednesday.

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