Stock market quotes, forex, financial news, forex tools –

On Friday China’s stock market has not changed. Hong Kong is in a green zone

 Breaking News

On Friday China’s stock market has not changed. Hong Kong is in a green zone

On Friday China’s stock market has not changed. Hong Kong is in a green zone
October 14
15:00 2016

The Chinese stock market has finished the Friday’s session almost unchanged. Investors were engaged in the study of the economic statistics before the next week release of the information about GDP for the III quarter. This should help to better understand the state of the Chinese economy.

On Thursday it became known that in September China’s exports had declined much stronger than expected. This means that the signs of the recovery of the second largest world economy, probably, have proved to be short-lived.

Meanwhile, the official information on the inflation on Friday has signaled an increase in producer prices and consumer prices in China. In the first month of the autumn the producer prices have soared for the first time over 5 years. This fact may contribute to the growth of companies’ profits and the reduction of the corporate debt.

CSI300,  the index that tracks the share price of the largest companies that are traded in Shanghai and Shenzhen, has risen by 0.1 percent, amounting to 3.305,85 points. Shanghai Composite, the index of the Shanghai Stock Exchange, has grown by 0.1 percent and ended the day at the mark of 3.063,81 points.

CSI300 index has grown by 1.6 percent, while the SSEC index – by 2 percent, showing the best result of the week for the past two months.

The papers of the affiliated companies Sinochem Group and ChemChina, which are quoted on the stock exchange, soared after Reuters had reported that the company was likely to merge soon.

On Friday the Hong Kong stock market has ended the session in the green zone as the news from China about the sudden rise in producer prices made it possible to slightly ease the pressure on manufacturers and miners in China.

Hang Seng, Hong Kong Stock Exchange index, has risen by 0.9 per cent and became equal to 23.233,31 points. The index of Chinese companies that are traded in Hong Kong has risen by 1.1 percent, ending the session at the mark of 9.601,40 points. However, Hang Seng Index has fallen by 2.6 percent over the week. This is the worst weekly result for the last month.

All major sectors are in the positive zone by the results of the session. The shares of energy and financial sectors have become the leaders.

Related Articles


No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment