Higher Open Predicted For China Stock Market

(RTTNews) - The China stock market has finished lower in back-to-back sessions, retreating more than 60 points or 1.8 percent along the way. The Shanghai Composite Index now sits just beneath the 3,275-point plateau although it's poised to halt its slide on Wednesday. The global forecast for the Asian markets is positive, with bargain hunting expected after days of heavy selling while optimism for additional stimulus added to the positive sentiment. The European markets were mixed and the U.S. bourses were up and the Asian markets figure to follow the latter lead. The SCI finished sharply lower on Tuesday following losses from the financial shares, property stocks and oil and insurance companies. For the day, the index dropped 42.63 points or 1.29 percent to finish at 3,274.30 after trading between 3,265.70 and 3,320.23. The Shenzhen Composite Index retreated 24.15 points or 1.09 percent to end at 2,184.15. Among the actives, Industrial and Commercial Bank of China shed 0.60 percent, while Bank of China lost 0.62 percent, China Construction Bank dipped 0.32 percent, China Merchants Bank tumbled 1.87 percent, Bank of Communications dropped 0.86 percent, China Life Insurance fell 0.37 percent, Ping An Insurance plunged 2.30 percent, PetroChina sank 0.48 percent, To keep reading about Higher Open Predicted For China Stock Market, Click on the link. Seoul, Korea
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