Hemp, Dye Are the Highest as China Shares Bounce Back
Zhang Yushuo
DATE:  Mar 26 2019
/ SOURCE:  yicai

(Yicai Global) March 26 -- Chinese stocks rode the rising wave of global markets after sinking into yesterday's trough. 

The Shanghai Composite Index climbed 0.48 percent to 3057.56, the Shenzhen Component Index went up 0.53 percent to 9753.17, and the ChiNext Price Index, which tracks growth enterprises in Shenzhen, scaled up up 0.72 percent to 1680.78. 

The tourism, hotel and garden engineering sectors were the slugs, while the dye and hemp sectors headed the pack. Property developer Vanke [SHE:000002] clambered up 1.24 percent after it announced the 20.4 percent increase in profits last night. 

Hong Kong's Hang Seng Index also rebounded to 28677.76, 0.54 percent higher with stocks related to Apple in the lead. 

Asia Pacific markets also continued to recover, with the Nikkei 225 up 1.56 percent to 21,199.50 and Japan's TOPIX up 2 percent to 1,592.59. South Korea's Okapi Index rose 0.19 percent to 2,152.98.

The Dow Jones Industrial Average ended up 14.51 points, or 0.06 percent, at 25,516.83 and the S&P 500 ended down 2.35 points, or 0.08 percent, at 2,798.36.The Nasdaq Composite fell 5.13 points, or 0.07 percent, to 7,637.54.

Editor: Ben Armour

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Keywords:   Stock Market,Shanghai Composite Index,Shenzhen Component Index