ZCZC
BCN-10
STOCKS-CHINA
Chinese stocks open higher after prolonged rout
SHANGHAI, Oct 17, 2018 (BSS/AFP) – Chinese stocks bounced back at the open
on Wednesday after a rally on Wall Street gave investors rare reason to cheer
following a prolonged rout.
The benchmark Shanghai Composite Index rose 1.02 percent, or 26.01 points,
to 2,572.34.
The Shenzhen Composite Index, which tracks stocks on China’s second
exchange, gained 1.04 percent, or 13.03 points, to 1,269.40.
Global stock markets had risen on Tuesday as strong earnings from some
major US companies helped shift the focus away from worries about rising
interest rates and trade war fallout.
Concern over the Sino-US trade war and other economic issues have made
Chinese stocks the world’s worst-performing this year, with China indices
hitting their lowest points in four years last week.
BSS/AFP/HR/0922