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China’s stock market is at the two-month high

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China’s stock market is at the two-month high

China’s stock market is at the two-month high
October 10
16:00 2016

On Monday the securities market in China started with the positive dynamics. It should be noted that the market didn’t work for a week due to the celebration of the National Day of China. The main indices have showed the biggest increase for two months, but this rise was restrained by the sales of securities of the real estate sector, because more restrictions for “cooling” the growing prices were imposed in some cities.

Positive changes of the dynamic world markets, which had taken place during the Chinese holidays, supported the main Chinese indexes. CSI300, the Chinese index of blue chips, has gained 1.2 per cent and amounted to 3.293,87 points, while the Shanghai Composite Index has risen by 1.4 percent and amounted to 3.048,14 points. During the Chinese holiday week the Asian market securities were being traded near the highs for the month. The shares of Wall Street have also strengthened.

The results of the private study have found a positive response from investors. This investigation showed that the number of jobs, which were created again in the Chinese private sector in September, was increasing with the maximum speed for 7 months on the background of the new developing business. But, nevertheless, the real estate sector has lost 1.8 percent on Monday due to the restrictions. Most of the other sectors have grown. The papers of the resource sector have soared upwards.

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