China Stocks recoup losses

Mainland China stock market closed firmly in green after recouping initial losses during late afternoon trade on Monday, 26 December 2016, thanks to buying pressure in the shares of insurances and state-backed builders which helped offsetting the weakness in resources pulled lower by falls in commodity prices. The Shanghai Composite Index rose 0.45% to 3,210.37, reversing an earlier decline of as much as 1.3%. The Shenzhen Composite Index, which tracks stocks on China's second exchange, added 0.37% to 1,978.37. The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, grew 0.48% to close at 1,974.01 points. Trading volume in Shanghai hit a nearly two-month low, with some investors unwilling to buy risky assets as year-end approaches.

Powered by Capital Market - Live News