SHANGHAI (Reuters) – China stocks jumped more than 4 percent for a second straight day on Friday as signs of fresh support from Beijing prompted more bargain hunting following the earlier plunge that panicked global markets.
The mainland’s blue-chip CSI300 index .CSI300 rose 4.3 percent, to 3,342.29 points, reducing the week’s loss to 6.9 percent. The Shanghai Composite Index .SSEC gained 4.8 percent to 3,232.35 points, though for the week, it lost 7.9 percent.
NINGHAI, China, Aug 28 (Reuters) – The dramatic collapse of
China’s stock markets has shaken global investors, but for
Chinese factory executives the real problem is a decline of
another kind – the remorseless erosion of profits thanks to
nearly four years of price deflation.
While the stock market rollercoaster of the past 12 months
has hogged headlines, Chinese manufacturing has been stagnating
slowly but inexorably for more than three years, with wholesale
prices sliding continuously as legions of small companies
compete desperately to stay above water.
SHANGHAI (Reuters) – China’s yuan closed firmer against the dollar on Thursday as traders cited large transactions by state-owned banks possibly on behalf of the central bank, which supported the Chinese currency in both spot and derivative markets.
“Major state banks did some large deals, supporting the yuan’s value,” said a dealer at a European bank in Shanghai.
HONG KONG/SHANGHAI (Reuters) – China’s turbulent stock markets rose on Thursday, helped by a strong rebound on Wall Street on expectations that the U.S. Federal Reserve will respond to days of China-led volatility by delaying an expected interest rate rise next month.
Chinese stocks had fallen again on Wednesday – taking their losses to more than 20 percent in just five days – underscoring fragile investor confidence and deep doubt over whether the previous day’s policy easing by the People’s Bank of China’s (PBOC) could stabilize the economy.
SHANGHAI (Reuters) – China’s yuan reversed earlier declines to close slightly stronger against the dollar on Wednesday, with volumes surging to the second biggest since records were available.
Traders said the market was increasingly divided over the currency’s direction after the People’s Bank of China (PBOC) on Tuesday cut the one-year benchmark bank lending rate by 25 basis points and reserve requirements by 50 basis points for most big banks.
SHANGHAI, Aug 24 (Reuters) – Chinese stocks plunged more
than 8 percent on Monday, posting their biggest one-day loss
since the height of the global financial crisis in 2007 as
disillusioned investors dumped shares after Beijing held back
expected policy support at the weekend following last week’s 11
The latest tumble, which saw flagship indexes resolutely
breaking key support levels, wiped out what was left of the
market’s stellar gains this year.
SHANGHAI (Reuters) – Chinese stocks dived more than 8 percent on Monday morning, with the Shanghai index giving up all its gains for the year on investor disappointment that Beijing held back expected policy support at the weekend after markets shed 11 percent last week.
The blue-chip CSI300 index .CSI300 was down 8.6 percent at 3,282.11 points by the end of the morning session, while the Shanghai Composite Index .SSEC had fallen 8.5 percent to 3,211.20 points, putting it back where it began 2015.
SHANGHAI, Aug 24 (Reuters) – Chinese stocks dived more than
8 percent on Monday morning, with the Shanghai index giving up
all its gains for the year on investor disappointment that
Beijing held back expected policy support at the weekend after
markets shed 11 percent last week.
The blue-chip CSI300 index was down 8.6 percent at
3,282.11 points by the end of the morning session, while the
Shanghai Composite Index had fallen 8.5 percent to
3,211.20 points, putting it back where it began 2015.
SHANGHAI (Reuters) – China major stock indexes collapsed on Monday morning, with traders saying market disappointment over the lack of a liquidity move by the central bank during the weekend triggered a fresh selloff.
Main indexes tumbled more than 11 percent last week as investors began to worry that the central government was backing off on plans to prop up the market.
SHANGHAI (Reuters) – China stock markets tanked more than 4 percent on Friday, taking weekly losses for the main indexes to nearly 12 percent and casting doubt over Beijing’s ability to prevent another bout of panic selling as the market neared collapse again.
The latest tumble followed similar declines in global markets and reflected sharp across-the-board falls in Chinese stock index futures as bears claimed victory over bulls on the settlement day for August index futures contracts. <0#CIF:>