Live | China Markets Live - Yuan falls for third day but stabilizing; Shanghai, Shenzhen and Hong Kong finish in the green
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.
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.
4:10pm: The Hang Seng Index stays within a 300-point trading band for the day, closing at 24,018.80, up 0.43 per cent or 102.78 points. The H-shares index finished the day at 11,080.92, up 0.35 per cent or 38.13 points.
3:20pm: China indices from opening to closing today: the Shanghai Composite (orange), Shenzhen Composite (green), CSI300 (purple) and ChiNext (blue). Click to enlarge.
3:08pm: The Shanghai Composite Index surged by more than one and a half percentage points in the last hour, closing at 3,954.56, up 68.24 points or 1.76 per cent. The CSI300 did similarly, going to 4,075.46, up 59.33 points or 1.48 per cent.
3:08pm: The Shenzhen Composite Index finished strongly to close at 2,298.79, up 49.61 points or 2.21 per cent. The ChiNext Price Index leapt to 2,684.26, up 62.07 points or 2.37 per cent.
3:03pm: The Hang Seng Index lifts to 24,042.67, up 0.53 per cent or 126.65 points. The H-shares index trades at 11,093.54, up 0.46 per cent or 50.75 points.
2:47pm: Iron and steel conglomerate Novo Group has suspended trading in its shares, after rocketing 29.63 per cent to HK$1.75 this morning, pending an announcement on possible disposal of shares by its controlling shareholders which may trigger general offer obligations under the takeovers and mergers code.
2:08pm: Onshore yuan trades at 6.4115 to the dollar at 2:00 pm today, and the offshore yuan was trading at 6.4573 to the dollar at 2:00 pm.
2:07pm: China’s oil majors are improving, occupying three of the top five slots on the Hang Seng gainers list, as oil prices uptick overnight and analysts say the weaker yuan may boost energy demand among export-led industries.
PetroChina has lifted 2.19 per cent to HK$7.45, Sinopec has gained 1.91 per cent to HK$5.88, and CNOOC is up 1.62 per cent to HK$10.04.
2:03pm: The Shanghai Composite Index moves to 3,896.90, up 10.58 points or 0.27 per cent. The CSI300 is almost level at 4,017.93, up 1.80 points or 0.04 per cent.
2:03pm: The Shenzhen Composite Index improves to 2,257.78, up 8.60 points or 0.38 per cent. The ChiNext Price Index moves to 2,628.22, up 6.03 points or 0.23 per cent.
2:02pm: The Hang Seng Index teases at 23,999.84, up 0.35 per cent or 83.82 points. The H-shares index trades at 11,103.45, up 0.55 per cent or 60.66 points.
