China's A-Shares Open High in Lockstep With US, Asian Markets
Liao Shumin
DATE:  Nov 29 2018
/ SOURCE:  yicai

(Yicai Global) Nov. 29 -- China's A-share market of domestic stocks is continuing to capitalize on its momentum at opening this morning, in tandem with other Asian and US stock markets.

The Shanghai Composite Index inched up 0.46 percent to 2,613.78 points and the Shenzhen Component edged 0.56 percent up to 7,800.57, while the ChiNext Price Index of up-and-coming shares also opened 0.50 percent higher at 1,347.74 points.

Interest rates are "just below" the level where they will cease to stimulate the economy, US Federal Reserve Bank Chairman Jerome Powell said yesterday. Powell's words will spur rises in global stock markets, Li Xunlei, chief economist at Zhongtai Securities, said on China's Twitter-like Weibo. 

China may have more room for maneuver to cut interest rates and otherwise ease monetary policies if the Fed slows its rate hikes, investors believe.

Editor: Ben Armour

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