China Stock Market Draws Another Green Light For Thursday's Trade

(RTTNews) - The China stock market has climbed higher in three straight sessions, advancing almost 100 points or 3.1 percent along the way. The Shanghai Composite Index now sits just above the 3,295-point plateau and it's called higher again on Thursday. The global forecast for the Asian markets is upbeat on solid earnings news and economic data. The European markets were mixed and the U.S. bourses moved higher and the Asian markets are expected to follow the latter lead. The SCI finished sharply higher on Wednesday following gains from the financials, properties and oil and insurance companies. For the day, the index spiked 66.59 points or 2.06 percent to finish at the daily high of 3,294.55 after trading as low as 3,209.99. The Shenzhen Composite Index soared 63.11 points or 2.90 percent to end at 2,236.95. Among the actives, Industrial and Commercial Bank of China collected 0.80 percent, while Bank of China climbed 1.20 percent, China Construction Bank advanced 0.99 percent, China Merchants Bank jumped 1.42 percent, China Life Insurance soared 5.24 percent, Ping An Insurance perked 1.20 percent, PetroChina added 0.67 percent, China Petroleum and Chemical (Sinopec) rose 0.25 percent, China Shenhua Energy gained 0.45 percent, Gemdale gathered 0.94 To keep reading about China Stock Market Draws Another Green Light For Thursday's Trade, Click on the link. Seoul, Korea
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