China Stock Market May Extend Monday's Losses
The China stock market has finished lower in two of three trading days since the end of the four-day winning streak in which it had... moreChina Stock Market May Extend Monday's Losses
The China stock market has finished lower in two of three trading days since the end of the four-day winning streak in which it had gathered more than 80 points or 2.6 percent. The Shanghai Composite Index now sits just above the 3,255-point and it may take further damage on Tuesday.To get more news about shanghai market news, you can visit shine news official website.
The global forecast for the Asian markets is broadly negative on fears of n economic slowdown and concerns over the outlook for interest rates. The European and U.S. markets were sharply lower and the Asian markets are expected to follow that lead.
The SCI finished modestly lower on Monday following losses from the financial shares, resource stocks and properties.
For the day, the index sank 29.28 points or 0.89 percent to finish at 3,255.55 after trading between 3,229.31 and 3,272.99. The Shenzhen Composite Index dipped 0.21 points to end at 2,085.10.Among the actives, Industrial and... less
Shanghai Reopens Cinemas but COVID Risks 'Relatively High'
SHANGHAI (Reuters) -Shanghai reopened most cinemas on Friday, sticking to a plan of gradual resumption of daily... moreShanghai Reopens Cinemas but COVID Risks 'Relatively High'
SHANGHAI (Reuters) -Shanghai reopened most cinemas on Friday, sticking to a plan of gradual resumption of daily activities after it lifted a two-month COVID-19 lockdown in June, while also trying, like several other Chinese cities, to contain resurgent infections.To get more shanghai covid, you can visit shine news official website.
Seeking to avoid a repeat of the ordeal that the commercial hub of 25 million suffered in April and May, Shanghai's strategy rests on frequent COVID testing, thorough contact tracing and isolated lockdowns of residential buildings and other venues.
Tougher restrictions may be needed if it fails to contain the virus. That would be a dire prospect for its residents who are only just recovering from the income losses, mental stress, and poor access to basic necessities suffered during the lockdown.Hidden transmission has taken place for a while and the risk of further community spread remains relatively high,"... less
Win Streak May End For China Stock Market
(RTTNews) - The China stock market has finished higher in four straight sessions, gathering more than 80 points or 2.6 percent along the... moreWin Streak May End For China Stock Market
(RTTNews) - The China stock market has finished higher in four straight sessions, gathering more than 80 points or 2.6 percent along the way. The Shanghai Composite Index now sits just beneath the 3,265-point plateau although it may run out of steam on Thursday.To get more shanghai market news, you can visit shine news official website.
The global forecast for the Asian markets is soft on concerns for rising inflation and slowing growth. The European and U.S. markets were down and the Asian bourses are expected to follow that lead.
The SCI finished modestly higher on Wednesday following gains from the financials, resource stocks and energy producers, while the property sector was soft.
For the day, the index gained 22.03 points or 0.68 percent to finish at 3,263.79 after trading between 3,216.01 and 3,266.63. The Shenzhen Composite Index improved 10.84 points or 0.52 percent to end at 2,083.Among the actives, Industrial and Commercial Bank of China collected... less
How Shanghai Residents Endured the COVID Lockdown
Residents of Shanghai have long known that, when it comes to the news, sometimes you must read between the lines. In mid-March,... moreHow Shanghai Residents Endured the COVID Lockdown
Residents of Shanghai have long known that, when it comes to the news, sometimes you must read between the lines. In mid-March, as Omicron started to spread locally, rumors of a looming lockdown circulated. Even though the rest of the world has moved toward living with the virus, China doubled down on its strict Zero covid policy, which includes long quarantine requirements for travellers and lockdown measures when a small number of cases emerge. In Shanghai, the city’s official WeChat account posted a denial, saying, “Internet rumors are not true. There are no such plans.” Two days later, people were told not to leave the city unless “absolutely necessary.” Then, just to clear the air, a municipal secretary told reporters, “We are not going into lockdown, and it is unnecessary to do a lockdown.” In the following days, Shanghai entered what is known to the rest of the world as a “lockdown.” But the accurate term, according to... less