Arab Today, arab today asian shares rally as china drops circuit breaker firms yuan setting
Last Updated : GMT 16:24:37
Arab Today, arab today
Arab Today, arab today

Asian shares rally as China drops circuit breaker, firms yuan setting

Arab Today, arab today

Arab Today, arab today Asian shares rally as China drops circuit breaker, firms yuan setting

Asian stocks
Singapore - SPA

Asian shares rebounded on Friday, led by strong gains for battered Chinese stocks after China suspended its market circuit breaker system and set a firmer midpoint rate for yuan trading for the first time in nine days, Reuters reported.

The improved sentiment looks unlikely to spill over into Europe, however, with financial spreadbetters expecting Britain's FTSE 100 to open flat, and Germany's DAX and France's CAC 40 to start the day 0.5 percent lower.

Shares in Asia were still on track for their biggest weekly fall in more than four months, but Friday's advances seemed to reduce some of the fears that have hit global markets.

The CSI300 index of major Shanghai and Shenzhen stocks was up 2.7 percent and the Shanghai Composite climbed 2.6 percent.

Japan's Nikkei surrendered earlier gains to end the day down 0.4 percent at its lowest closing price since Sept. 30. That extended losses for the week to 7 percent, the biggest weekly decline in four months.

Wall Street also had a gloomy session, with the S&P 500 losing 2.4 percent on Thursday, with 40 percent of the stocks in the benchmark trading 20 percent or more off of their highs, the definition of a bear market.

The Chinese moves offered a leg up to oil futures, with both Brent crude and U.S. oil rallying more than 2 percent.

Brent gained 2.2 percent to $34.49 after touching $32.16 on Thursday, the lowest since April 2004. The gains narrowed losses for the week to 7.5 percent.

West Texas Crude advanced 2.1 percent to $33.98, on track for a weekly loss of 8.3 percent.

The 10-year U.S. Treasuries' yield fell to a 2 1/2-month low of 2.119 percent on Thursday and last stood at 2.1720 percent.

Gold eased back to $1,103.45 after earlier rising to $1,112 , the highest since Nov. 4. That brought gains for this year to 4 percent.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today asian shares rally as china drops circuit breaker firms yuan setting Arab Today, arab today asian shares rally as china drops circuit breaker firms yuan setting

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today asian shares rally as china drops circuit breaker firms yuan setting Arab Today, arab today asian shares rally as china drops circuit breaker firms yuan setting

 



Arab Today, arab today Etiquette expert calls for short visits

GMT 16:21 2017 Monday ,26 June

Etiquette expert calls for short visits
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday