With shares soaring and turnover reaching 710 billion yuan in the first hour of trading on Friday, Shanghai’s stock exchange was marred by glitches in processing orders and delays, according to messages from brokerages seen by Bloomberg News. The Shanghai Stock Exchange is investigating reasons for delays, it said in a statement.
The Shanghai Composite Index stayed roughly unchanged from 10:10 a.m. for about an hour even as the Shenzhen composite gained 4.4% over the period. As trading resumed, the Shanghai index surged. The Politburo, comprised of the ruling Communist Party’s 24 most-senior officials including President Xi Jinping, vowed to strengthen fiscal and monetary policies and pledged to “strive to achieve” the annual goal, according to a Thursday statement. They also committed to action to make the property sector “stop declining,” their strongest vow yet to stabilize the crucial industry.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market today: Wall Street opens higher as market focus turns from Nvidia to US economyNEW YORK (AP) — Wall Street is opening with gains as markets shift their focus back to the U.S. economy. The S&P 500 rose 0.4% in early trading Thursday, while the Dow Jones Industrial Average added 148 points, or 0.4% and the Nasdaq rose 0.8%.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Wall Street rises as market focus turns from Nvidia to US economyNEW YORK (AP) — Stocks rose on Wall Street Thursday as markets shift their focus back to the U.S. economy. The S&P 500 rose 0.6% in morning trading, while the Dow Jones Industrial Average added 137 points, or 0.3%. The Nasdaq rose 1.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Wall Street rises as market focus turns from Nvidia to the US economyNEW YORK (AP) — Stocks rose on Wall Street Thursday as markets shift their focus back to the U.S. economy. The S&P 500 rose 0.8% in morning trading and is less than 1% away from its record set in July.
Source: SooToday - 🏆 8. / 85 Read more »
Nvidia leads market slump, erasing $278B from its market capNvidia (NVDA), once a leader in chip stocks and tech rallies, has been hit by another sell-off on Tuesday, erasing $278 billion in market cap. Tuesday's sell...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Labor market, Fed policy, tech rotation: Market trendsMarkets ended Wednesday's trading session mixed, as major indexes (^DJI, ^IXIC, ^GSPC) looked to recover from a tech-driven sell-off Tuesday. Yahoo Finance's...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Nasdaq, S&P 500 futures slide amid more soft jobs market dataLabor data is in focus as the prospect of rate cuts fails to offset growing doubts about the health of the economy.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »