Financial markets end mixed
Print Edition
China’s financial markets were mixed at the end of trading yesterday, with a lack of investor enthusiasm.
Boosted by overnight gains on Wall Street, A-share markets opened higher. The benchmark Shanghai Composite Index inched up 0.2 percent, ending the day’s trading session at 2,921.40 points.
The smaller Shenzhen Component Index was 0.09 percent higher at around 11,112.50 points, while the ChiNext Index fell 0.60 percent to finish on 2,145.29.
Combined turnover of the two bourses was 772.1 billion yuan (US$108.4 billion), compared with the previous trading day’s 761.5 billion yuan.
Encouraged by a plan unveiled by Chinese authorities on Monday for the Hainan free trade port, related stocks advanced.
A free trade port system focusing on trade and investment liberalization and facilitation will be established in Hainan by 2025, according to the plan issued by the Central Committee of the Communist Party of China and the State Council, China’s cabinet.
Hainan Haide Industry Co Ltd, a company principally engaged in the development, sales, management and leasing of real estate, saw its shares jump by the daily maximum of 10 percent to close at 13.84 yuan.
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