China Stock Market Tipped To Open In The Green

(RTTNews) - The China stock market turned lower again on Thursday, one day after halting the two-day losing streak in which it had fallen more than 60 points or 1.8 percent. The Shanghai Composite Index now sits just beneath the 3,225-point plateau although it's expected to rebound on Friday. The global forecast for the Asian markets is cautiously optimistic, with rising oil prices warring against rising pandemic numbers. The European markets were down and the U.S. markets were up and the Asian bourses are expected to follow the latter lead. The SCI finished sharply lower on Thursday following losses from the financial shares, property stocks and oil and insurance companies. For the day, the index plunged 56.53 points or 1.72 percent to finish at 3,223.18 after trading between 3,221.24 and 3,265.35. The Shenzhen Composite Index dropped 54.10 points or 2.46 percent to end at 2,148.08. Among the actives, Industrial and Commercial Bank of China shed 0.41 percent, while Bank of China fell 0.31 percent, China Construction Bank lost 0.65 percent, China Merchants Bank skidded 1.17 percent, Bank of Communications dropped 0.87 percent, China Life Insurance advanced 0.97 percent, Ping An Insurance surrendered 1.90 percent, PetroChina eased 0.24 percent, China Petroleum To keep reading about China Stock Market Tipped To Open In The Green, Click on the link. Seoul, Korea
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