empty
 
 

20.03.202602:39:42UTC+00China Stocks Set for Weekly Loss

The Shanghai Composite edged down 0.2% to around 4,000 on Friday, while the Shenzhen Component gained 0.9% to 14,025. Both benchmarks, however, remained on course for a weekly decline as investors weighed the economic and inflationary risks stemming from the Iran conflict and elevated energy prices.

A pullback in oil prices provided some respite after US President Donald Trump ruled out sending ground troops to the Middle East, and Israeli Prime Minister Benjamin Netanyahu indicated that Israel would avoid further strikes on Iranian energy infrastructure. China is also relatively better positioned than many other Asian economies to absorb an oil price shock, following years of building up strategic reserves and diversifying its energy mix toward renewables.

In corporate moves, East Money Information fell 3.9% and Shenzhen Longsys Electronics dropped 4.2%, while Zhongji Innolight jumped 9.1% and Eoptolink Technology soared 10.4%.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback