Live | China Markets Live - Shanghai and Shenzhen surge to firm close in wild week when both shut down twice in five days; Hong Kong ekes out gain at close
Shanghai's weekly performance shows a loss of 10 per cent, having risen 9.4 per cent in all of 2015; Shenzhen sinks 14 per cent on the week while Hong Kong in worst week since 2011
Welcome to the SCMP's live China markets. The intense volatility in Chinese markets into 2016 due to the implementation of the circuit breaker has roiled world financial markets. Investors are increasingly focused on the broader question of how this episode might affect the wider economy of the country. We'll bring you the key levels, trading statements, price action and other developments as they happen.
Here’s a summary of market action, with analyst views and charts:
- Shanghai finishes up nearly 2 per cent, but down 10 per cent on the week
- Shenzhen gains over 1 per cent by the close and loses 14 per cent for the week
- Trading shutdown in Chinese markets in two of five days wreak havoc in Index performances
- Hong Kong's Hang Seng Index ends shade higher, but rings up worst weekly fall since September 2011
- Looking ahead: US monthly jobs data due out at 9:30 pm Hong Kong time on Friday
4:21pm: On a weekly basis, both the Hang Seng Index and H-shares reported their worst weekly fall since September 23, 2011 during the European sovereign debt crisis.
The Hang Seng Index is down 6.52 per cent for the week, close to the total annual loss in 2015 of 7.3 per cent.
It is the worst weekly decline since September 23, 2011 when the Hang Seng sank 9.18 per cent.
