Shanghai: Stocks close up 4.89% in late surge
[SHANGHAI] Shanghai stocks closed up 4.89 per cent on Wednesday, halting a two-day slump, as investors returned to the market amid speculation of state-led buying, dealers said.
The benchmark Shanghai Composite Index surged 147.09 points to 3,152.26 on turnover of 282.0 billion yuan (S$61.96 billion). The Shenzhen Composite Index, which tracks stocks on China's second exchange, jumped 6.52 per cent, or 103.10 points, to 1,683.36 on turnover of 284.8 billion yuan.
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
Why the yen is so weak and what that means for Japan
Europe: Stoxx ends lower as auto giants weigh; investors parse inflation data
US: Wall Street stocks fall as markets weigh strong wage data, Fed meeting
Japan may have spent 5.5 trillion yen on Apr 29 intervention, BOJ data suggests
Singapore stocks rise, tracking regional bourses; STI up 0.3%
Asia: Markets build on Wall Street rally, yen holds bounce