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China Stock Turmoil 2015
BusinessCompanies

LiveChina Markets Live - Shanghai and Shenzhen finish down but Hong Kong ends higher

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.

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A board shows the stock movements inside the Shanghai Stock Exchange in the Lujiazui Financial district of Shanghai. Photo: AFP
Enoch YiuandBenjamin Robertson
Now that volatility is cooling we have decided the market story no longer merits a live blog. We will continue to cover the markets on a spot basis so please keep up with our coverage at https://www.scmp.com/business For inquiries, please email the Business Editor, Jonathan Standing,  at [email protected], or the markets team leader, Enoch Yiu, at [email protected]

 

Here’s a summary of market action today, with analyst views and charts: 

  • Shanghai concludes 1.6 per cent easier 
  • Shenzhen tumbles 3.4 per cent at the close 
  • Hong Kong's Hang Seng Index recovers to finish up 0.43 per cent
  • Hong Kong market shut Monday for holiday, mainland Chinese markets open
  • Global shares, Wall Street weaken further in selling spree 

 

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4:07pm: The Hang Seng ended up 0.43 per cent, 90.34 points, at 21,186.32. The H-share index finished up 0.45 per cent, 42.45 points, at 9,512.26.

3:20pm: JPMorgan Research Sentiment Index (JSI) -

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“September JSI turned up moderately to 43.4, after the sharp plunge to 39.3 in August (the lowest level since June 2013). The EPS reading rose 3.8 pt, to a still subdued level of 41.9. The readings on output volume/ sales, order book, costs and inventory improved.

Only gross margin component weakened. Industry JSIs improved for auto, small caps, transportation, hardware, cement, gas & gaming but deteriorated for petrochemicals, ports & machinery. Growth stabilization measures continue to be rolled out. Fiscal flexibility is improving with local government debt swap program, tax reforms and quasi-fiscal measures via policy bank support. We expect these policies to support fourth quarter 2015 growth.”

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