Market Overview

China Markets Rise; Shanghai Composite Index Up Over 1%

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Chinese stocks were trading higher on Thursday. Republican Presidential candidate Donald Trump won the 2016 Presidential election against Hillary Clinton. The Shanghai Composite Index gained 35.75 points, or 1.14 percent to 3,164.12.

The Chinese yuan declined to 6.7918 versus the U.S. dollar, compared to 6.7769 on Wednesday.

U.S. stocks closed higher overnight. The Dow Jones Industrial Average surged 1.40 percent, to 18,589.69, the S&P500 index gained 1.11 percent to 2,163.26, and the Nasdaq Composite climbed 1.11 percent to 5,251.07.

Oil prices traded lower on Thursday, with the US WTI crude futures on the NYMEX declining 0.24 percent to trade at $45.16 a barrel.

Top market movers among the Shanghai Composite index are as follows:

  • China Railway Group Ltd (601390: SHH) shares gained 2.6 percent to 8.83 CNY.
  • CITIC Securities Co Ltd (600030: SHH) rose 2.1 percent to 17.01 CNY.
  • CRRC Corp Ltd (601766: SHH) shares rose 1.8 percent to 9.48 CNY.
  • SAIC Motor Corp Ltd (600104: SHH) gained 1.7 percent to 23.85 CNY.
  • China National Nuclear Power Co Ltd (601985: SHH) rose 1.6 percent to 6.85 CNY.

Posted-In: Chinese stocks Shanghai Composite IndexNews Global Markets Movers

 

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