Breaking News         Latest US News              New York News              Fx Tribune

Top 5 Reasons Why Businesses Outsource
China stocks were largely unchanged on Friday, reversing earlier losses, as reform hopes underpinned the market, with the main indexes up for the third straight week thanks to improving risk appetite. Continue Reading Below The blue-chip CSI300 index was...

China Shares Up For 3rd Week

China stocks were largely unchanged on Friday, reversing earlier losses, as reform hopes underpinned the market, with the main indexes up for the third straight week thanks to improving risk appetite. Continue Reading Below The blue-chip CSI300 index was...

China Shares Up For 3rd Week

China stocks were largely unchanged on Friday, reversing earlier losses, as reform hopes underpinned the market, with the main indexes up for the third straight week thanks to improving risk appetite.

Continue Reading Below

The blue-chip CSI300 index was unchanged at 3,473.85 points, while the Shanghai Composite Index added 0.1 percent to 3,253.43 points.

For the week, CSI300 gained 1.5 percent, while SSEC climbed 1.6 percent.

The main indexes dropped for most of the day as resources shares dragged, but reversed losses in the afternoon after centrally-owned state companies jumped on reform hopes, with China United Network Communications advancing 8.1 percent to a 6-week high.

The director of China's state assets regulator Xiao Yaqing said on Friday that the country should further deepen mixed-ownership and supply-side reforms, the official Shanghai Securities News reported.

"Market sentiment remains optimistic and the upward trend is not yet broken," said Wu Kan, head of equity trading at Shanshan Finance.

Continue Reading Below

"The upcoming National People's Congress, and the first-quarter earnings season will keep investors excited."

Reflecting rising risk appetite, China's outstanding margin loans have risen for four consecutive days to exceed 900 billion yuan ($131.00 billion), as investors appear more willing to use borrowed money to buy stocks.

Banks fell 0.3 percent, as news of Guo Shuqing, governor of China's eastern Shandong province, becoming China's new top banking regulator added to uncertainty to a sector facing increasing deleveraging pressure.

Sector performance was mixed. Losses were led by material stocks, while transport plays stood out with a 1.8 percent gain.

S.F. Holding, founded by billionaire entrepreneur Wang Wei, surged by the 10 percent trade limit to a near four-month high, surpassing China Vanke and Midea Group to become the largest stock by market value on Shenzhen Stock Exchange.

($1 = 6.8700 Chinese yuan renminbi)

(Reporting by Luoyan Liu and John Ruwitch; Editing by Shri Navaratnam)

Our editors found this article on this site using Google and regenerated it for our readers.

Publish Date : 24 Şubat 2017 Cuma 05:15

Breaking News Headlines

Challenges of Studying MBA online and Suggestions to Overcome Them
Challenges of Studying MBA online and Suggestions to Overcome Them
Was Road-Rage To Blame For This New Jersey Semi-Truck Accident?
Was Road-Rage To Blame For This New Jersey Semi-Truck Accident?
Tobacco is the leading cause of cancer – Switch to e-cigs to avoid premature death
Tobacco is the leading cause of cancer – Switch to e-cigs to avoid premature death
Technology Advancements: How will Things Change?
Technology Advancements: How will Things Change?
Bad Science – Ensuring We Keep Things Simple
Bad Science – Ensuring We Keep Things Simple
A Meaningful Life: Just What You Need for Better Health
A Meaningful Life: Just What You Need for Better Health
What to Expect at the Canadian Citizenship Test and Tips to Prepare
What to Expect at the Canadian Citizenship Test and Tips to Prepare
Tipping in America- What Should You Know as a Traveler?
Tipping in America- What Should You Know as a Traveler?
Sepi proposes to the ex-minister Miguel Sebastian as a director of Indra
Sepi proposes to the ex-minister Miguel Sebastian as a director of Indra
There are two Spains in the employment
There are two Spains in the employment
Valerio dodge the shock with the CEOE and downgrade to 7% the rise of the bases maximum contribution
Valerio dodge the shock with the CEOE and downgrade to 7% the rise of the bases maximum contribution
Spain puts an end in the EU in four years of cuts in the quota of hake south
Spain puts an end in the EU in four years of cuts in the quota of hake south
POLLS Results ALL
Who is the most powerful actor in Syria

Front Pages
  • The Sun
NEWS ARCHIVES