Market Overview

China Stock Markets Open Slightly Higher

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Chinese stocks were trading slightly higher on Monday. The Shanghai Composite Index gained 4.26 points, or 0.13 percent to 3,197.12, while the Shenzhen composite rose 0.18 percent to 546.48.

iShares FTSE/Xinhua China 25 Index (ETF) (NYSEARCA: FXI) shares fell 0.08 percent to close at $35.94 on Friday, while SPDR S&P China (ETF) (NYSEARCA: GXC) fell 0.21 percent to close at $74.89.

The Dow Jones Industrial Average dropped 0.19 percent, to 18,867.93, the S&P500 index fell 0.24 percent to 2,181.90, and the Nasdaq Composite declined 0.23 percent to 5,321.51.

Oil prices traded higher on Monday, with the US WTI crude futures on the NYMEX gaining 0.75 percent to trade at $46.71 a barrel.

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

  • China State Construction Engineering Corp Ltd (601668: SHH) shares gained 0.6 percent to 8.25 CNY.
  • CRRC Corp Ltd (601766: SHH) rose 0.3 percent to 10.19 CNY.

 

  • China Railway Group Ltd (601390: SHH) shares dropped around 2.1 percent to 9.22 CNY.
  • Inner Mongolia Yili Industrial Group Co Ltd (600887: SHH) dropped 1.2 percent to 17.87 CNY.
  • Kweichow Moutai Co Ltd (600519: SHH) fell 0.3 percent to 310.00 CNY.

Posted-In: Chinese stocks Shanghai Composite Index Shenzhen compositNews Global Markets

 

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