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
Asia: Stocks rise as Federal Reserve tamps down hike fears; yen leaps
Japanese companies struggle with yen’s continued weakness
Singapore stocks open stronger on Thursday; STI up 0.5%
Stocks to watch: DBS, Olam, Parkway Life Reit, Japfa, CSE Global
Europe: UK’s FTSE 100 slips ahead of Fed outcome, energy stocks weigh
US: Stocks end mostly lower in volatile reaction to Federal Reserve