SHANGHAI :
China’s Stock Markets Close Up After Week of Sharp Losses
Tang Shihua
DATE:  Sep 11 2020
/ SOURCE:  Yicai
China’s Stock Markets Close Up After Week of Sharp Losses China’s Stock Markets Close Up After Week of Sharp Losses

(Yicai Global) Sept. 11 -- China’s mainland stock markets all closed up today clawing back some of the sharp losses they suffered earlier in the week when investors took fright at the world economy’s slow recovery from the novel coronavirus pandemic.

Growth stocks led the gains today as traders snapped up some bargains. The ChiNext Price Index, which tracks growth enterprises in Shenzhen, advanced 2.16 percent to end the day at 2,536.62.

The Star 50 Index, which follows tech stocks on Shanghai’s Nasdaq-style Star Market, closed 2.52 percent higher at 1,312.51.

The large-cap heavy Shanghai Composite Index finished up 0.79 percent at 3,260.35, while the Shenzhen Component Index closed up 1.57 percent at 12,942.95.

The week saw some of the steepest price corrections in six months for the Shenzhen markets and since early July for the Shanghai bourses. The ChiNext Price Index dropped 7.16 percent this week, while the Star 50 index fell 5.59 percent.

The Shanghai Composite Index ended the week 2.83 percent lower, while the Shenzhen Component Index declined 5.23 percent.

Editor: Kim Taylor

Follow Yicai Global on
Keywords:   Stock Market,Market Close