China Shares May Open Under Continued Pressure
BEIJING (dpa-AFX) - The China stock market has finished lower in three straight sessions, plummeting more than 190 points or 5.5 percent in that span. The Shanghai Composite Index now rests just above the 3,380-point plateau and it s got another weak lead for Wednesday s trade.
The global forecast for the Asian markets is negative on concerns over the coronavirus and for the outlook for interest rates. The European and U.S. markets were down and the Asian bourses are expected to follow that lead.
The SCI finished sharply lower again on Tuesday with damage across the board on concerns that a regulatory crackdown by China would impacting a range of industries including private education and technology.
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China Stock Market Due For Support On Tuesday
BEIJING (dpa-AFX) - The China stock market has finished lower in two straight sessions, plunging more than 100 points or 3 percent in that span. The Shanghai Composite Index now rests just beneath the 3,470-point plateau although it s may see bargain hunting on Tuesday.
The global forecast for the Asian markets is murky, with little movement expected among ongoing Covid-19 concerns. The European markets were mixed and flat and the U.S. bourses were slightly higher and the Asian markets figure to split the difference.
The SCI finished sharply lower on Monday following heavy damage among the financials, properties and insurance companies.
China Stock Market Expected To See Renewed Support On Monday
BEIJING (dpa-AFX) - The China stock market on Friday wrote a finish to the two-day winning streak in which it had advanced almost 40 points or 1.2 percent. The Shanghai Composite Index now rests just above the 3,550-point plateau although it s expected to bounce higher again on Monday.
The global forecast for the Asian markets is upbeat, with support expected from oil, technology and utility stocks. The European and U.S. markets were firmly higher and the Asian markets are tipped to open in similar fashion.
The SCI finished modestly lower on Friday following losses from the financials, properties and oil companies, although the resource stocks offered support.