China: Stocks fluctuate after benchmark posts weekly advance
[SHANGHAI] China's stocks swung between gains and losses after the benchmark Shanghai gauge posted its biggest weekly gain in more than a month.
The Shanghai Composite Index added 0.2 per cent to 3,584.89 at 9.42am local time. It dropped as much as 0.4 per cent earlier. The measure climbed 4.2 per cent last week, led by property developers, after data showed home prices increased in more cities. Energy companies slid as oil extended its slump, while consumer and health-care stocks rose.
The Shanghai gauge has rebounded 22 per cent from an August low after the government took unprecedented measures to prop up equities and speculation grew policymakers will take more measures to bolster the economy.
BLOOMBERG
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
Singapore shares open in the red on Tuesday; STI down 0.3%
Stocks to watch: Wilmar, MLT, FEHT, CDLHT, Starhill Global Reit, IReit Global
Europe: Stocks eke out gains after German inflation data; Deutsche Bank drops
US: Stocks end higher, extending rally
Yen surges against US dollar on suspected intervention
Singapore stocks start week in the black ahead of Fed meeting; STI up 0.1%