Arab Today, arab today china\s stocks close up friday on ecb rate cut
Last Updated : GMT 05:24:43
Arab Today, arab today
Arab Today, arab today

China\'s stocks close up Friday on ECB rate cut

Arab Today, arab today

Arab Today, arab today China\'s stocks close up Friday on ECB rate cut

Beijing - Xinhua

Chinese stocks on Friday continued to rise after the European Central Bank unexpectedly cut its benchmark interest rate overnight, with the benchmark Shanghai Composite Index up 0.81 percent, or 20.2 points, to close at 2,528.29. The Shenzhen Component Index rose 0.71 percent, or 75.37 points, to finish at 10,699.49. Combined turnover stood at 193.9 billion yuan (30.52 billion U.S. dollars), down from 272.1 billion yuan the previous trading day. Gainers outnumbered losers 683 to 218 in Shanghai, and 931 to 391 in Shenzhen. The European Central Bank (ECB) unexpectedly announced to cut its benchmark interest rate from 1.50 percent to 1.25 percent on Thursday, in a bid to calm markets over fears that Greece could drop out of the euro zone. Boosted by the European Central Bank\'s surprising rate cut and strong heavy weights, the benchmark Shanghai index opened higher Friday and reached a two-month intra-day high of 2536.78 in the morning. Investors were also encouraged by Greece\'s decision to abandon a referendum on Europe\'s bailout plan, analysts said. Oil producers rose Friday as China\'s Ministry of Land and Resources said Thursday that only 26 percent of the country\'s oil deposits have been prospected, and 85 percent of natural gas reserves remained unexplored. PetroChina, China\'s largest oil and gas producer, edged up 1.51 percent to 10.11 yuan. Shanghai SK Petroleum and Chemical Equipment Corporation Ltd. climbed 6.42 percent to 12.44 yuan. Property shares also rose briskly, with Lander Real Estate Co.,Ltd. and Beijing Centergate Technologies (Holding) Co., Ltd. both jumped by the daily limit of 10 percent to 4.79 yuan and 7.33 yuan, respectively. Media and entertainment companies retreated after rising for several trading days. Zhejiang Huace Film and TV Co., Ltd. dropped 3.96 percent to 33.75 yuan, while Huayi Brothers Media Corporation dipped 2.57 percent to 17.81 yuan.

arabstoday
arabstoday

GMT 21:25 2017 Wednesday ,24 May

Egypt bourse rebounds at beginning of trading

GMT 03:39 2017 Wednesday ,24 May

Saudi stocks drag lower before Ramadan

GMT 05:41 2017 Tuesday ,23 May

Tadawul index stays almost flat

GMT 20:24 2017 Saturday ,20 May

US Stocks Close Higher

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%
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
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\s stocks close up friday on ecb rate cut Arab Today, arab today china\s stocks close up friday on ecb rate cut

 



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\s stocks close up friday on ecb rate cut Arab Today, arab today china\s stocks close up friday on ecb rate cut

 



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
Arab Today, arab today Sally Shaheen considers hosting a political show

GMT 21:25 2017 Wednesday ,24 May

Egypt bourse rebounds at beginning of trading

GMT 03:39 2017 Wednesday ,24 May

Saudi stocks drag lower before Ramadan

GMT 05:41 2017 Tuesday ,23 May

Tadawul index stays almost flat

GMT 20:24 2017 Saturday ,20 May

US Stocks Close Higher

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%
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
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