This article is from the source 'nytimes' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.nytimes.com/2016/01/09/business/dealbook/china-stock-markets.html
The article has changed 9 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| Chinese Markets Open Higher After Previous Day’s Suspension | Chinese Markets Open Higher After Previous Day’s Suspension |
| (about 1 hour later) | |
| HONG KONG — Chinese markets opened higher on Friday after the Chinese stock market regulator overnight suspended several measures intended to short-circuit steep declines. | |
| Despite the positive opening, shares were volatile for the first hour of trading, with a quick sell-off within 30 minutes followed by another rise by midmorning. The CSI 300 blue-chip index was up about 1.7 percent, while the Shanghai Composite Index was up about 1.3 percent. The Shenzhen Composite Index was up about 0.3 percent but at one point had been down 4 percent. | Despite the positive opening, shares were volatile for the first hour of trading, with a quick sell-off within 30 minutes followed by another rise by midmorning. The CSI 300 blue-chip index was up about 1.7 percent, while the Shanghai Composite Index was up about 1.3 percent. The Shenzhen Composite Index was up about 0.3 percent but at one point had been down 4 percent. |
| On Friday morning, the country’s central bank slightly raised the trading range for the renminbi and strengthened the currency, the depreciation of which in the preceding three weeks had stoked concerns among investors. It was set at 6.5636 renminbi to the dollar, compared with 6.5646 on Thursday. It remains near its weakest point since early 2011. | On Friday morning, the country’s central bank slightly raised the trading range for the renminbi and strengthened the currency, the depreciation of which in the preceding three weeks had stoked concerns among investors. It was set at 6.5636 renminbi to the dollar, compared with 6.5646 on Thursday. It remains near its weakest point since early 2011. |
| The stock market regulator had announced on Thursday night that it would suspend a “circuit breaker” feature, which had brought an early end to the trading day twice this week. The regulator also said it would extend a ban on selling large chunks of some stocks for another three months. | The stock market regulator had announced on Thursday night that it would suspend a “circuit breaker” feature, which had brought an early end to the trading day twice this week. The regulator also said it would extend a ban on selling large chunks of some stocks for another three months. |
| The plunge on Thursday that brought trading to an end after less than half an hour had sent ripples through global markets. The S&P 500 ended the day on Thursday down 2.37 percent, while the Euro Stoxx 50 finished the day 1.74 percent lower. | The plunge on Thursday that brought trading to an end after less than half an hour had sent ripples through global markets. The S&P 500 ended the day on Thursday down 2.37 percent, while the Euro Stoxx 50 finished the day 1.74 percent lower. |
| Markets were also mixed in the rest of Asia. Japan’s Nikkei 225 opened lower on Friday but pared losses and was up 0.3 percent by midmorning. The S&P/ASX 200 in Australia was down 0.5 percent, while Hong Kong’s Hang Seng Index was up 1 percent. | Markets were also mixed in the rest of Asia. Japan’s Nikkei 225 opened lower on Friday but pared losses and was up 0.3 percent by midmorning. The S&P/ASX 200 in Australia was down 0.5 percent, while Hong Kong’s Hang Seng Index was up 1 percent. |