NEWS： China's stock market closed higher than its six week low
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China equities closed higher on Thursday, rebounding from a six week low. Data showed that industrial activity in China slowed more than expected in October, adding to expectations that new measures will be introduced to boost economic growth.
The Shanghai Composite Index. SSEC rose 0.16 percent to 2909.87, hitting a six week closing low in the previous session.
CSI300 rose 0.15%, CSI300 financial real estate index fell 0.3%, CSI300 major consumer index rose 0.01%, CSI300 real estate index fell 0.17%, CSI300 medical and health index rose 1.51%.
In October, the added value of China's industries above designated size increased by 4.7% year-on-year, far lower than the 5.4% predicted by Reuters survey.
Szsc rose 0.61% and gem rose 0.642%.
MSCI Mingsheng Asia Pacific Index (excluding Japan) fell 0.35%, while Japanese Nikkei. N225 fell 0.76%.
At 07:34 GMT, the yuan was at 7.02 against the dollar, up 0.04% from the previous day's close of 7.023.
So far, the Shanghai composite index is up 16.7% this year, the Shanghai Shenzhen 300 index is up 29.7%, and the Hong Kong Hang Seng SOE index is up 2.8%. The Shanghai Composite Index fell 0.66% this month.
please contact sales@tanchin.hk for any inquiry
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