Nike has dropped to lows unseen since November of 2020 as it faces a boycott in China over Xinjiang's cotton issues.
China’s stock market concludes down
On Tuesday, the Chinese stock market concluded down on the backdrop of negative dynamics from the software as well as computer services, tourism and leisure, not to mention telecommunications sectors.
At the close on the Shanghai Stock Exchange, the Shanghai Composite decreased by 1.39%, reaching a 6-month minimum, the SZSE Component index slumped by 2.13%.
The leaders of growth among the components of the Shanghai Composite Index were represented by shares of Hna Innovation Hainan Co Ltd A soaring by 10.08%. As for equities of Great-Sun Foods Co Ltd, they headed south by 9.99% coming up with 32,590. Additionally, Shanghai LongYun Advertising & Media Co Ltd rallied by 9.99% concluding at 61.97.
Leaders of the dive were the shares of Keda Group Co Ltd, which declined by 10.04%, concluding the session at about 9,950. Shares of Shanghai Zhongji Investment Holding Co soared by 10.04% closing at 8.87. Shanghai Feilo Acoustics Co Ltd inched down by 10.00% and completed the session at the level of 6.39.
Shares of Xian International Medical Investment Co Ltd gained by 10.02% hitting 5.38. Sichuan Haite High-tech Co Ltd rallied 9.98% ending up with 10.69, while GuangDong Huasheng Electrical Appliances Co Ltd headed north 5.50% reaching 16.87.
On the Shanghai Stock Exchange, the number of depreciated securities (1174) managed to surpass the number of closed in the black (178), while quotes 16 shares were intact.
Equities of Shanghai Zhongji Investment Holding Co Ltd dived to a 3-year minimum concluding the trading session at 8.87. Shares of Shanghai Feilo Acoustics Co Ltd went down to a 3-year minimum, falling 10.00% closing at 6.39.
The volatility index of CBOE China Etf Volatility, which is formed on the basis of options trading options on the Shanghai Composite, headed south up to 1.20% to 23.97.
The Australian economy has been on a steady recovery path, and now we have a very symbolic confirmation that S&P ASX 200 is about to cross 7000!
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The Reserve Bank of New Zealand will hold a meeting on Wednesday, April 14, at 05:00 MT.