Little Movement Seen For China Stock Market
The China stock market has finished lower in two of three trading days, with the Shanghai Composite Index sitting just beneath the 3,920-point plateau. The global forecast for the Asian markets is mixed to higher due to conflicting messages about the status of the war in the Middle East.
The China stock market has been volatile, finishing lower in two of three trading days. The Shanghai Composite Index is currently at 3,919.29, down 29.27 points or 0.74 percent. The Shenzhen Composite Index also dropped, losing 40.98 points or 1.59 percent to end at 2,536.25. Among the actives, some banks saw gains, while others saw losses. Oil companies also saw gains, with PetroChina rallying 2.32 percent and China Petroleum and Chemical gaining 1.02 percent. The lead from Wall Street is flat to higher, with the Dow slipping 61.07 points and the NASDAQ adding 38.23 points. The early weakness on Wall Street came amid concerns about an escalation of the conflict in the Middle East. Crude oil prices catapulted Thursday on concerns of supply disruptions, with West Texas Intermediate crude for May delivery up $11.94 or 11.93 percent at $112.06 per barrel.
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