Arab Today, arab today china stocks close up strongly after holiday
Last Updated : GMT 08:53:10
Arab Today, arab today
Arab Today, arab today

China stocks close up strongly after holiday

Arab Today, arab today

Arab Today, arab today China stocks close up strongly after holiday

China stocks
Shanghai - AFP

Shanghai shares surged 2.52 percent on Tuesday after a long holiday weekend, lifted by hopes of further monetary easing by Chinese authorities.
The benchmark Shanghai Composite Index jumped 97.45 points to 3,961.38 -- its highest close since March 14, 2008 -- on turnover of 746.4 billion yuan ($121.8 billion).
The Shenzhen Composite Index, which tracks stocks on China’s second exchange, rose 2.10 percent, or 43.69 points, to 2,124.09 on turnover of 639.3 billion yuan.
The Hong Kong stock market was closed on Tuesday.
"Expectations of an interest rate cut or reserve cut rose ahead of the release of economic data starting this week," Central China Securities strategist Zhang Gang told AFP.
China will release inflation figures on Friday followed by other data next week, including gross domestic product for the first quarter.
A weak performance could spur the government to boost the economy, after cutting interest rates twice since November and lowering the reserve ratio requirement for banks in February.
The People's Bank of China, the central bank, also injected 20 billion yuan ($3.23 billion)into the money market on Tuesday, in a move seen aimed at boosting liquidity.
"It’s a bull market and funds keep flowing into the market," Wang Zheng, chief investment officer at Jingxi Investment Management, told Bloomberg News. "The market will continue to rise unless we see signals of a crackdown from regulators."
Financial shares led the gains on Tuesday. In Shanghai, banking giant ICBC rose 2.29 percent to 4.47 yuan while China Merchants Securities jumped 5.95 percent to 34.91 yuan. China Life Insurance gained 3.91 percent to 39.08 yuan.
Oil companies rose on higher prices. Shanghai-listed Sinopec added 3.26 percent to 6.66 yuan and PetroChina gained 3.63 percent to 12.27 yuan.
Shenzhen-listed Cloud Live Tech Group surged by its 10 percent daily limit to 8.40 yuan despite saying it cannot meet a 241 million yuan ($39 million) debt repayment.

 

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 china stocks close up strongly after holiday Arab Today, arab today china stocks close up strongly after holiday

 



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 china stocks close up strongly after holiday Arab Today, arab today china stocks close up strongly after holiday

 



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 Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque

GMT 17:28 2017 Thursday ,18 May

Saudi stocks rise in heavy trading

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%

GMT 06:20 2017 Tuesday ,16 May

Tadawul index climbs 0.6%

GMT 13:43 2017 Monday ,15 May

Oman share index declines marginally
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
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