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China’s stock market is increasing, following the commodity papers. Hong Kong is growing

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China’s stock market is increasing, following the commodity papers. Hong Kong is growing

China’s stock market is increasing, following the commodity papers. Hong Kong is growing
October 24
16:00 2016

China’s stock market has grown by more than 1 percent on the results of the session on Monday. The market has supported the growth of shares of the commodity companies due to the fact that the government’s efforts began to yield results, which were designed to reduce the excess capacity in industries like coal and steel ones.

CSI300 index, which tracks the price of shares of the largest companies traded in Shanghai and Shenzhen, has risen by 1.2 percent, amounting to 3.367,58 points. Shanghai Composite, the index of Shanghai stock exchange has grown by 1.2 percent and ended the session at 3.128,25.

The securities of commodity companies, considering coal and steel producers, have suddenly jumped due to the signals that the price of these commodities can continue to grow.

The index, which tracks the price of shares of companies that produce coal, has risen by more than 5 percent.

All major sectors have finished trading in plus. Also, the biggest growth was demonstrated by the securities of financial and consumer sectors.

On Monday the Hong Kong stock market has also strengthened, following China’s stock market, but the increase in quotations is restrained by the anxiety about the weakening of the Chinese currency and the likely growth of the US interest rates in December.

Hang Seng, the index of Hong Kong Stock Exchange has risen by 1.0 percent, amounting to 23.604,08 points. The index of Chinese companies that are traded in Hong Kong has risen by 1.7 percent, ending the trade at 9.852,90 points.

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