Market Overview

China Markets Rise; Yuan Gains Versus Dollar

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Chinese stocks were trading higher on Monday. The Shanghai Composite Index climbed 17.94 points, or 0.55 percent to 3,279.88, while the Shenzhen composite rose 0.37 percent to 553.11.

iShares FTSE/Xinhua China 25 Index (ETF) (NYSEARCA: FXI) shares rose 0.95 percent to close at $37.09 on Friday, while SPDR S&P China (ETF) (NYSEARCA: GXC) gained 0.83 percent to close at $76.33.

The Chinese yuan gained 0.23 percent versus the U.S. dollar to trade at 6.9012.

The Dow Jones Industrial Average gained 0.36 percent, to 19,152.14, the S&P500 index rose 0.39 percent to 2,213.35, and the Nasdaq Composite climbed 0.34 percent to 5,398.92.

Oil prices traded lower on Friday, with the US WTI crude futures on the NYMEX dropping 0.15 percent to trade at $45.99 a barrel.

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

  • China State Construction Engineering Corp Ltd (601668: SHH) shares gained 7 percent to 10.05 CNY.
  • China Railway Group Ltd (601390: SHH) rose 3.4 percent to 9.78 CNY.
  • China United Network Communications Ltd (600050: SHH) shares rose 2.5 percent to 6.08 CNY.

 

  • Inner Mongolia BaoTou Steel Union Co Ltd (600010: SHH) shares dropped around 0.7 percent to 2.98 CNY.
  • China Merchants Bank Co Ltd (600036: SHH) dropped 0.5 percent to 18.90 CNY.
  • CITIC Securities Co Ltd (600030: SHH) fell 0.3 percent to 17.62 CNY.

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

 

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