Live | China Markets Live - Shanghai, Shenzhen and Hong Kong shares rally to finish strong
Japan's Nikkei soars over 7.7 per cent or by 1,343 points in strongest single-day advance since 2008; Hong Kong ends 872 points higher
Welcome to the SCMP's live markets blog. The intense volatility of recent weeks has every chance of remaining the core underlying theme of activity. Investors are increasingly focused the broader question of how this episode might affect the wider economy as many suspect the equity bubble has yet to fully deflate. We'll bring you the key levels, trading statements, price action and other developments as they happen.
Here’s a summary of market action Wednesday, with analyst views:
- Shanghai and Shenzhen rally anew, up in robust manner as confidence rises
- Hong Kong settles 4.1 per cent or 872 points higher
- Japan's Nikkei stages blistering rally, up 7.71 per cent by the close, to lead Asian stocks' surge
- Market looks toward meeting next week by US Federal Reserve to see if they will decide on raising interest rates for first time in a decade
4:11pm: Hong Kong markets posted strong gains for the day with the Hang Seng Index closing up 4.1 per cent, 872.27 points, at 22,131.31. The H-share index rose 5.23 per cent, 496.05 points, to 9,975.53. Total market turnover was HK$ 116.1 billion.
3:49pm: Mainland China’s stock indexes – Shanghai Composite Index (orange) CSI300 index (purple), Shenzhen Composite Index (green), ChiNext Index (blue) – all of whom closed higher today. Click on chart to enlarge.
3:42pm: Rabobank on today’s market movers:
