China: Stocks falter at end of robust week
[SHANGHAI] China stocks slipped on Friday in line with a broader correction across global equity markets, but posted solid gains on the week.
Both the blue-chip CSI300 index and the Shanghai Composite Index ended down 0.1 per cent at 3,051.59 points and 2,860.02 points, respectively.
But for the week, the CSI300 was up 3 per cent and SSEC gained 3.5 per cent, their best weekly performance in two months.
Investors' appetite for riskier assets has improved on hopes for more economic stimulus from Beijing and as oil prices rebounded, spurring a global equities rally. But traders said thin volumes indicated investors remained jittery.
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
Europe: Stoxx 600 logs best day in three months as banks shine
US: Stocks rally after strong tech results
Mixed trading in Asia as investors watch for further macro data; STI down 0.2%
Vietnam delays launch of new stock trading system
Hong Kong bourse regains favour on hopes of a market revival
Asia: Markets rise as strong US tech earnings offset poor data