China Stock Market Tipped To Open Under Pressure

(RTTNews) - The China stock market has finished lower in two straight sessions, sliding more than 25 points or 0.7 percent along the way. The Shanghai Composite Index now sits just above the 3,270-point plateau and it may extend its losing streak on Friday. The global forecast for the Asian markets is soft on concerns over the economic recovery following the COVID-19 pandemic. The European and U.S. markets were down and the Asian markets are tipped to open in similar fashion. The SCI finished modestly lower on Thursday following losses from the properties and oil companies, while the financials and insurance companies were mixed. For the day, the index lost 13.49 points or 0.41 percent to finish at 3,270.44 after trading between 3,248.50 and 3,290.41. The Shenzhen Composite Index rose 1.76 points or 0.08 percent to end at 2,186.99. Among the actives, China Construction Bank collected 0.33 percent, while China Merchants Bank shed 0.50 percent, Bank of Communications fell 0.22 percent, China Life Insurance tumbled 1.74 percent, Ping An Insurance added 0.51 percent, PetroChina lost 0.47 percent, China Petroleum and Chemical (Sinopec) dipped 0.25 percent, China Shenhua Energy sank 0.62 percent, Gemdale retreated 1.17 percent, Poly Developments declined 1.19 percent, To keep reading about China Stock Market Tipped To Open Under Pressure, Click on the link. Seoul, Korea
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