You are here

China: Shanghai stocks surge after two-day plunge

Wednesday, January 6, 2016 - 15:54

chinastocks.jpg
UBS Asset Management said turmoil in China's stock market will help extend a bull run in the nation's bonds, as investors channel more funds into debt securities to avoid equity volatility.

[SHANGHAI] Shanghai stocks rallied more than two per cent Wednesday as reports said billions of dollars in state cash was used to support the beleaguered market following a two-day slump.

The benchmark Shanghai Composite Index rose 2.25 per cent, or 74.13 points, to 3,361.84 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, jumped 2.61 per cent, or 54.19 points, to 2,133.96.

AFP

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom