China: Shanghai stocks surge after two-day plunge
Published Wed, Jan 6, 2016 · 07:54 AM
[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
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Europe: Industrials boost Stoxx 600 as earnings season rolls in
US: Stocks end mostly lower after volatile session
US dollar rally stalls after rare FX warning from finance chiefs
Genting Singapore propels convincing Singapore market rebound; STI up 1.1%
Asia: Markets rise as traders consider US rate outlook
China reiterates need for steady yuan amid fragile confidence