Don’t miss the latest developments in business and finance.

China Market ends marginally up

Image
Capital Market
Last Updated : Aug 29 2016 | 12:01 AM IST
Mainland China stock market closed marginally above the neutral line on Friday, 26 August 2016, as investors chased for bargain buying after regulators' denial that insurance money is getting pulled out of the market. The China Insurance Regulatory Commission (CIRC) late on Thursday denied a market rumour in a local media that 600 billion yuan ($90.17 billion) worth of insurance money would gradually exit the market due to tougher rules. The CSI300 index, which tracks the largest listed companies trading in Shanghai and Shenzhen, fell 0.06% to 3307.09 points. The Shanghai Composite Index closed up 0.06% at 3070.31 points while the Shenzhen Composite index closed up 0.2% at 2023.09 points. The Shanghai Composite Index fell 1.2% for the week.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Aug 26 2016 | 3:26 PM IST

Next Story