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China market marginally up ahead of Fed rate decision

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Capital Market
The Mainland China stock market finished marginally higher after trimming intraday gain late afternoon on Wednesday, 16 December 2015, as investors remain nervous before the Federal Reserve's decision over raising interest rates from near zero for the first time since 2006. Investors drew some encouragement early from news that China plans to issue significantly more government bonds next year to aid the economy, but sentiment was cautious ahead of the Federal Reserve's imminent rate decision. The Shanghai Composite Index advanced 0.17%, or 5.83 points, to close at 3516.19. The Shenzhen Composite Index, which tracks stocks on China's second exchange, grew 0.68%, or 15.40 points, to close at 2280.12. The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, rose 0.63%, or 17.41 points, to close at 2763.11.

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First Published: Dec 16 2015 | 1:25 PM IST

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