China: Stocks rise at market open as regulators calm investors
[SHANGHAI] China major stock indexes rose in early trading on Monday following remarks by regulators to calm the market.
The China Securities Regulatory Commission (CSRC) said in a post on its official microblog late on Sunday that markets were more stable and risks associated with high levels of leverage have eased following a period of high volatility.
The CSI300 index rose 0.6 per cent to 3,385.40 points at 1:35 GMT, while the Shanghai Composite Index gained 0.9 per cent to 3,188.58 points.
China CSI300 stock index futures for September rose 5.3 per cent, to 3,188, -197.40 points below the current value of the underlying index.
The Hang Seng index in Hong Kong was up 0.8 per cent, to 21,016.56 points.
REUTERS
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
US dollar inches up; Aussie, yen slide
Singapore stocks end lower even as regional markets rally; STI slips 0.1%
Swiss-Asia Financial Services fined S$2.5 million for breaches of anti-money laundering rules
Asia: Stocks track another rally on Wall Street as US rate optimism lingers
Singapore shares rise at Tuesday’s open tracking global rally; STI up 0.2%
ETF popularity poised to stay as investors flock to diversification, stability