China Bourse May Hand Back Wednesday's Gains
LIKE.TG 成立于2020年,总部位于马来西亚,是首家汇集全球互联网产品,提供一站式软件产品解决方案的综合性品牌。唯一官方网站:www.like.tg
(RTTNews) - The China stock market on Wednesday wrote a finish to the three-day slide in which it had slipped just 10 points or 0.3 percent. The Shanghai Composite now sits just beneath the 3,310-point plateau although if figures to head south again on Thursday.
The global forecast for the Asian markets suggests mild consolidation on renewed concerns over the outlook for interest rates. The European markets were mixed and the U.S. bourses were slightly soft and the Asian markets figure to follow the latter lead.
The SCI finished sharply higher on Wednesday following gains from the financial shares, resource stocks and properties.
For the day, the index jumped 50.02 points or 1.53 percent to finish at 3,309.78 after trading between 3,227.36 and 3,309.88. The Shenzhen Composite Index spiked 40.57 points or 2.07 percent to end at 1,996.71.
Among the actives, Industrial and Commercial Bank of China collected 0.65 percent, while Bank of China and China Construction Bank both advanced 1.00 percent, China Merchants Bank gained 0.58 percent, Agricultural Bank of China added 0.42 percent, China Life Insurance rallied 2.47 percent, Jiangxi Copper added 0.88 percent, Aluminum Corp of China (Chalco) advanced 0.92 percent, Yankuang Energy increased 1.09 percent, PetroChina perked 0.12 percent, China Petroleum and Chemical (Sinopec) rose 0.31 percent, Huaneng Power improved 1.16 percent, China Shenhua Energy accelerated 2.01 percent, Gemdale soared 3.93 percent, Poly Developments strengthened 1.52 percent and China Vanke climbed 1.08 percent.
The lead from Wall Street is soft as the major averages opened mixed on Wednesday but all trended lower as the day progressed and ended in the red.
The Dow dropped 138.25 points or 0.31 percent to finish at 44,722.06, while the NASDAQ slumped 115.10 points or 0.60 percent to close at 19,060.48 and the S&P 500 sank 22.89 points or 0.38 percent to end at 5,998.74.
The pullback by the NASDAQ was fueled by substantial weakness among computer hardware stocks, led lower by PC makers Dell Technologies (DELL) and HP Inc. (HPQ) after providing disappointing earnings guidance.
Weakness among semiconductor and networking stocks also weighed on the NASDAQ, while biotechnology stocks showed a strong move to the upside.
The weakness in the broader markets came after the Commerce Department released closely watched inflation data that matched expectations. While the faster annual price growth was in line with estimates, the acceleration raised concerns about the outlook for interest rates.
Crude oil moved slightly lower on Wednesday as traders weighed news of a ceasefire between Israel and Hezbollah against data showing a bigger than expected drop by U.S. crude oil inventories. West Texas Intermediate for January delivery eased $0.05 or 0.1 percent to $68.72 a barrel.
现在关注【LIKE.TG出海指南频道】、【LIKE.TG生态链-全球资源互联社区】,即可免费领取【WhatsApp、LINE、Telegram、Twitter、ZALO云控】等获客工具试用、【住宅IP、号段筛选】等免费资源,机会难得,快来解锁更多资源,助力您的业务飞速成长!点击【联系客服】
本文由LIKE.TG编辑部转载自互联网并编辑,如有侵权影响,请联系官方客服,将为您妥善处理。
This article is republished from public internet and edited by the LIKE.TG editorial department. If there is any infringement, please contact our official customer service for proper handling.