The Chinese stocks ended up on Tuesday uneven notes, after volatile trade after their defeat the previous day which had led to early closing of the market. The CSI300 index of leading stocks listed in Shanghai and Shenzhen took over 0.28% to 3478.78 points, but the Shanghai Composite has yielded 0.26% at 3287.71. / Photo taken January 5, 2016 / REUTERS / Kim Kyung-Hoon
The Chinese values finished on an irregular notes Tuesday, after volatile trade after their defeat the previous day which had led to early closing of the market.
The CSI300 index of leading stocks listed in Shanghai and Shenzhen resumed 0.28% to 3478.78 points, but the Shanghai Composite has yielded 0.26% at 3287.71.
The Chinese authorities have announced several measures on Tuesday to support the market, including injection liquidity from the central bank and the threat of further restrictions on sales of securities by large funds, but the volatility of the exchange in the afternoon shows that the situation remains fragile.
According to stakeholders, the government is likely to intervene through large state banks to prevent the CSI300 lost more than 5%, a level that would have resulted in the outbreak of “circuit breakers” just introduced to regulate the market as was the case Monday.
The average values (“small caps”), very popular with individual investors who are legion in China, however severely stalled.
(Samuel Shen and Pete Sweeney, Veronique Tison for the French service)
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