Market Overview

China Stocks Trade Slightly Higher

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Chinese stocks were trading slightly higher on Wednesday. The Shanghai Composite Index gained 3.43 points, or 0.11 percent to 3,203.08, while the Shenzhen composite rose 0.29 percent to 538.89.

iShares FTSE/Xinhua China 25 Index (ETF) (NYSEARCA: FXI) shares closed at $37.26 on Tuesday, while SPDR S&P China (ETF) (NYSEARCA: GXC) rose 0.04 percent to close at $75.85.

The Dow Jones Industrial Average gained 0.18 percent, to 19,251.78, the S&P500 index rose 0.34 percent to 2,212.23, and the Nasdaq Composite gained 0.45 percent to 5,333.00.

Oil prices traded lower on Wednesday, with the US WTI crude futures on the NYMEX dropping 0.69 percent to trade at $50.58 a barrel.

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

  • Inner Mongolia BaoTou Steel Union Co Ltd (600010: SHH) shares gained 2.4 percent to 3.02 CNY.
  • Inner Mongolia Yili Industrial Group Co Ltd (600887: SHH) rose 2.1 percent to 18.48 CNY.
  • China Shipbuilding Industry Co Ltd (601989: SHH) shares rose 1.6 percent to 7.59 CNY.

 

  • China United Network Communications Ltd (600050: SHH) shares dropped around 2.1 percent to 6.50 CNY.
  • CRRC Corp Ltd (601766: SHH) dropped 1.2 percent to 10.55 CNY.
  • China Railway Group Ltd (601390: SHH) fell 1.1 percent to 8.94 CNY.

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

 

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