LiveChina Markets Live - Shanghai, Shenzhen and Hong Kong stocks finish with small gains
The intense volatility of recent weeks has every chance of remaining the core underlying theme of activity. Investors are increasingly focused on the broader question of how this episode might affect the wider economy.
Welcome to the SCMP's live markets blog. The intense volatility of recent weeks has every chance of remaining the core underlying theme of activity. Investors are increasingly focused on the broader question of how this episode might affect the wider economy as many suspect the equity bubble has yet to fully deflate. We'll bring you the key levels, trading statements, price action and other developments as they happen.
Here’s a summary of market action on Monday, with analyst views and charts:
- Shanghai settles 29 points or 0.9 per cent higher
- Shenzhen gains 0.71 per cent or 12 points firmer at close
- Hong Kong finishes 0.18 percent or 39.65 points firmer
- Wall Street rallies to strong close overnight
4:06pm: Hang Seng Index finished at 21,796.58, up 0.18 per cent, or 39.65 points, while the H share index slid 0.65 per cent, or 63.98 points, to 9,835.39.
4:02pm: Hong Kong property stocks except from Cheung Kong Property rose, with China Overseas going up 2.51 per cent to HK$24.55, New World Development leaping 2.91 per cent to HK$8.14 and Link REIT up 1.17 per cent to HK$43.35.
3:06pm: Shanghai Composite Index closed up 0.921 per cent, or 29.08 points, at 3,185.62, while the blue chips-tracking CSI300 Index closed at 3,339.03, up 0.930 per cent, or 30.78 points.
3:06 pm: Shenzhen Composite Index finished up 0.71 per cent, or 12.27 points, at 1,750.91, while the NASDAQ-style ChiNext Index closed at 2,078.72, up 0.02 per cent, or 0.34 points.