Market Overview

China Stock Markets Trading Higher

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Chinese stocks were trading higher on Tuesday. The Shanghai Composite Index gained 27 points, or 0.84 percent to 3,245.17, while the Shenzhen composite rose 0.46 percent to 549.19.

iShares FTSE/Xinhua China 25 Index (ETF) (NYSEARCA: FXI) shares rose 0.83 percent to close at $36.24 on Monday, while SPDR S&P China (ETF) (NYSEARCA: GXC) rose 0.47 percent to close at $75.24.

The onshore yuan gained 0.06 percent to trade at 6.8900 per US. Dollar, while the offshore yuan declined 0.09 percent on Tuesday.

The Dow Jones Industrial Average gained 0.47 percent, to 18,956.69, the S&P500 index rose 0.75 percent to 2,198.18, and the Nasdaq Composite climbed 0.89 percent to 5,368.86.

Oil prices traded higher on Tuesday, with the US WTI crude futures on the NYMEX gaining 1.10 percent to trade at $48.77 a barrel.

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

  • China State Construction Engineering Corp Ltd (601668: SHH) shares gained 5.3 percent to 8.95 CNY.
  • China United Network Communications Ltd (600050: SHH) rose 2.9 percent to 6.10 CNY.
  • PetroChina Co Ltd (601857: SHH) shares rose 1.7 percent to 7.61 CNY.

 

  • SAIC Motor Corp Ltd (600104: SHH) shares dropped around 0.7 percent to 23.46 CNY.
  • Kweichow Moutai Co Ltd (600519: SHH) dropped 0.2 percent to 309.06 CNY.

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

 

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