You are here

China: Stocks jump at open, catching up after global market rebound

Thursday, October 8, 2015 - 09:55

[SHANGHAI] Chinese stocks opened up over 3 per cent on Thursday, its first day of trade after a week-long holiday, catching up with gains posted in global markets.

During Oct 1-7, when Chinese markets were closed for the National Day holiday, Hong Kong's Hang Seng Index gained 8 per cent, the Dow Jones Industrial Average rose nearly 4 per cent while global oil prices also staged a robust rebound.

The CSI300 index rose 3.7 per cent to 3,321.03 points at 1:31 GMT, while the Shanghai Composite Index gained 3.3 per cent to 3,153.86 points.

Stock index futures also surged.

China CSI300 stock index futures for October rose 4.6 per cent, to 3,270.4, 50.63 points below the current value of the underlying index.

The Hang Seng index in Hong Kong was down 0.3 per cent, to 22,452.70 points.

REUTERS

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