Stock market is bleeding: what do you need to know
The so-called “stock market bloodbath” has continued on Friday with major indices falling down to the lows of the last October. What's going on?
China equities conclude multidirectionally
On Monday, the Chinese stock market concluded trading in different directions due to the strengthening of insurance, software and computer services as well as technologies.
At the time of closing, the Shanghai Composite soared by 0.26% on the Shanghai Stock Exchange, while the SZSE Component index headed south by 0.29%.
As the number one performers among the parts of the Shanghai Composite Index, following the outcomes of today's trading, Xinjiang Sayram Modern Agriculture Co Ltd equities added 10.10%, coming up with 5.450. Shares of Hainan Mining Co Ltd rallied 10.07%, having completed the trades at the level of 8.31. As for Shanghai Golden Bridge InfoTech Co Ltd, it grew by 10.03% being worth 20.96.
Leaders of the dive were equities of Taiyuan Lionhead Cement Co Ltd, whose price shrank by 1,300 points, concluding the trading session at 11.750. Shares of Wintime Energy Co Ltd soared 9.93% to end up with 2.720. Henan Ancai Hi-tech Co Ltd went down by 6, 21% and concluded trading at about 9,520.
As the top gainers among the components of the SZSE Component index, following the outcomes of today's trade, equities of Chengdu CORPRO Technology Co Ltd soared 10.02% hitting 19.77, Beijing BDStar Navigation Co Ltd rallied 10.00% being worth 33.76, while Beijing UniStrong Science & Technology Co Ltd tacked on 9.85% coming up with 21.64.
The overall number of diving securities (674) managed to surpass the number of those that found themselves in positive territory (635) on the Shanghai Stock Exchange. Additionally, 54 stocks were intact.
The volatility index of CBOE China Etf Volatility, formed on the basis of trading options on the Shanghai Composite, headed north by 6.02% resulting in 28.89.
Meanwhile, the currency pair USD/CNY soared by 0.14% hitting 6.3134. AS for EUR/CNY, this currency pair tacked on by 0.06% being worth 7.7476.
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