Live | China Markets Live - Shanghai and Shenzhen shares finish minimally higher, Hong Kong ends weaker
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.
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 Friday and yesterday, with analyst views:
- Shanghai adds 2.34 points to end up 0.073 per cent
- Shenzhen gains 10.98 points to finish 0.62 per cent higher
- Hong Kong declines late to settle 58.13 points lower
- Market looks toward meeting a week from now by US Federal Reserve to see if they will decide on raising interest rates for first time in a decade
4:06pm: Hang Seng Index slipped 0.27 per cent or 58.13 points to close at 21,504.37 points. The H-share index lost 0.63 per cent, 61.88 points, to 9,718.28 points. Total main board market turnover was HK$87.14 billion.
3:05pm: Hang Seng Index rose to 21,697.34, up 0.63 per cent, or 134.84 points, while its H-share index tracking mainland Chinese enterprises edged up 0.52 per cent, or 51.07 points, to 9,831.23.
3:04pm: The Shanghai Composite Index finished 0.073 per cent firmer, up 2.34 points, at 3,200.23. The CSI 300 Index slid 0.309 per cent, 10.37 points, to 3,347.19.
3:03pm: The Shenzhen Composite Index gained 0.62 per cent, 10.98 points for the day, to end at 1,781.35. The ChiNext Index rose 1.05 per cent, 21.39 points, to 2,060.50.
3:24pm: The National Development and Reform Commission of China said it just approved three feasibility reports on building new railways, which will lead to investment worth 142.77 billion yuan (HK$173.18 billion), China Securities News reported.
2:05pm: Hang Seng Index rose 0.57 per cent, or 123.42 points, to 21,685.92, while its H-share index tracking mainland Chinese enterprises went up 0.49 per cent, or 48.25 points, to 9,828.41.
2:05pm: Shenzhen Composite Index fell to 1,759.86 points, down 0.59 per cent, or 10.51 points, while ChiNext index edged down 0.26 per cent, or 5.39 points, to 2,033.73.
2:05pm: Shanghai Composite Index slipped 0.648 per cent, or 20.71 points, to 3,177.18, while CSI 300 index declined to 3,330.78, up 0.798 per cent, or 26.78 points.
1:45pm: Aerospace stocks are leading underperformers in the mainland as investors were taking profits following their SOE reform-driven rally over the last sessionss much as 2.52 per cent. Four units under state-owned plane maker AVIC umbrella fell across the board, with AVIC Electromechanical Systems dropping 3.72 per cent to 18.30 yuan and AVIC Aircraft losing 4.44 per cent to 21.96 yuan.
1:10pm: Hang Seng Index opens afternoon session up 0.9 per cent, or 193.1 points, at 21,755.6, while its H-share index tracking mainland Chinese enterprises opened at 9,863.27, up 0.85 per cent, or 83.11 points.
1:10pm: Shanghai Composite Index starts afternoon session down 0.03 per cent, or 0.91 points, at 3,196.98, while CSI300 index monitoring blue chips opened at 3,353.69, down 0.12 per cent, or 3.87 points.
1:10pm: Shenzhen Composite Index opened afternoon session up 0.24 per cent, or 4.33 points, at 1,774.71, while the NASDAQ-style ChiNext index opened at 2,052.56, up 0.66 per cent, or 13.44 points.
12:20pm: Brokerages have been investigating accounts from trusts which have allegedly allowed grey margin financing for share trading in a bid to verify the identities of clients, financial magazine Caixin reports.
12:19pm: Hang Seng Index closed morning session up 0.86 per cent, or 185.56 points, at 21,748.06, while its H-share Index tracking mainland Chinese enterprises closed at 9,853.72, up 0.75 per cent, or 73.56 points.
11:38am: Shanghai Composite Index closed morning session at 3,195.54, down 0.07 per cent, or 2.35 points. CSI300 Index monitoring blue-chips closed down 0.14 per cent, or 4.9 points, at 3,352.66.
11:38am: Shenzhen Composite Index closed morning session at 1,773.69, up 0.19 per cent, or 3.32 points. The NASDAQ-style ChiNext Index closed up 0.59 per cent, or 12.02 points, at 2,051.14.
11:37am: Hang Seng Index edged up 1.03 per cent, or 221.97 points, at 21,784.47, while its H-share index tracking mainland Chinese enterprises went up 1.05 per cent, or 103.08 points, to 9883.24.
11:36am: Huatai Securities has suspended business which allowed stock investors to place orders through mobile app, official Shanghai Securities News reported.
11:22am: Here are the top five most traded stocks at Hong Kong Stock Exchange this morning:
Internet giant Tencent took the lead as the most traded stock at HK$131, up 1.87 per cent with turnover at HK$839.755 million.
Industrial and Commercial Bank of China took second place to trade at HK$4.74, up 3.04 per cent with turnover at HK$628.7 million.
Bank of China ranked third to trade at HK$3.61, up 3.44 per cent with turnover at HK$558.868 million.
China Construction Bank trades at HK$5.49, up 2.43 per cent with turnover at HK$539.893 million.
