The Shanghai Composite rose 0.4% to top 3,240, while the Shenzhen Component rose 0.7% to 10,250 on Friday (24/1), extending gains from the previous session as Beijing unveiled new measures to boost stock market investment. China's top financial regulator urged medium- and long-term funds, such as insurance, pension, national social security and annuity funds, to increase their equity investments. Meanwhile, the People's Bank of China kept the interest rate on its one-year medium-term lending facility unchanged at 2% during its January decision. Chinese stocks have come under pressure recently after U.S. President Donald Trump announced plans to impose 10% tariffs on China, potentially as early as Feb. 1. Notable performers included ZTE Corp (+3.9%), East Money (+1.3%), Hand Enterprise (+20%), Shenzhen Woer (+1.2%), and Contemporary Amperex (+2.3%).
Source: Trading Economics
European bourses opened September in positive territory, with both the STOXX 50 and STOXX 600 rising nearly 0.3% after modest gains in August. Trading is expected to remain subdued today, as US market...
Asia-Pacific markets traded mixed Monday as investors assess China's RatingDog manufacturing data for August. The metric - which was previously known as the Caixin Purchasing Managers' Index - came in...
US stocks fell in the afternoon trading as investors took profits following a strong week that saw the S&P 500 reach record highs, amid signs that inflationary pressures remain persistent in the U...
US stocks pulled back on Friday as the latest economic data continued to reflect stubborn inflationary pressures in the US economy, clouding the Fed's rate outlook. The S&P 500 and the Dow droppe...
European stock markets are heading for a mixed open on Friday as attention turns to inflation prints from some of the region's biggest economies, along with the U.S. Price rise data is due from Franc...
Gold (XAU/USD) started the week on a stronger note, extending its five-day rally to reach its highest level in more than four months, last seen on April 22. A generally weaker US dollar and strong expectations for a Federal Reserve (Fed) interest...
President Donald Trump's latest legal setback regarding tariffs is increasing uncertainty for American importers and delaying the economic benefits that Commerce Secretary Howard Lutnick predicted his administration would generate. A US appeals...
Gold (XAU/USD) started the week on a positive note, extending its rally for the fifth consecutive day to reach its highest level in more than four months, last seen on April 22. A generally weaker US dollar (USD) and strong expectations for a Fed...
A U.S. appeals court ruled on Friday that most of President Donald Trump's global tariffs were illegal, finding he exceeded his authority when...
Indonesia's central bank will remain active in the foreign exchange market to stabilise the rupiah, it said on Friday, while the stock exchange...
US stocks fell in the afternoon trading as investors took profits following a strong week that saw the S&P 500 reach record highs, amid signs...
European bourses opened September in positive territory, with both the STOXX 50 and STOXX 600 rising nearly 0.3% after modest gains in August....