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China's stock market concludes lower
The Chinese stock market concluded the trading environment with a dive on the backdrop of negative dynamics from the software as well as computer services, technology as well as equipment sectors.
At the close on the Shanghai Stock Exchange, the Shanghai Composite decreased 0.15%, the SZSE Component index sank 0.65%.
Gansu Dunhuang Seed Co Ltd appeared to be the leader among the components of the Shanghai Composite Index as a result of today's trading. It gained 10.07%, closing at 8.420. Quotes Xinjiang Baihuacun Co Ltd inched up 10.03%, completing trades at the level of 10.750. as for Paper Great-Sun Foods Co Ltd, it tacked on 10.01%, concluding at 33,190.
Leaders of the dive were shares of Wintime Energy Co Ltd, whose price fell 10.12%, completing the session at about 3,020. Shares of DELIXI XINJIANG Transportation Co Ltd rallied 10.01% closing at 35.60, while Wuhan Xianglong Power Industry Co Ltd headed south 8.11% and concluded trading at the level of 6,570.
As the leaders of surge amidst the components of the SZSE Component, shares of Jiangsu Yanghe Brewery Joint-Stock Co Ltd gained 6.98% reaching 111.44, Shandong Denghai Seeds Co Ltd soared 6.24% closing at 11.58, while Jiangxi Boya Bio Pharma inched up 5.46% concluding the trading session at 36.52.
Shaanxi J&R Fire Protection Co Ltd appeared to be the leaders of the decline. They lost 10.05% to close at 5.55. Shares of Beijing Kunlun Tech Co Ltd slumped 8.03% and concluded the session at the level of 22.80. Quotes Thunder Software Technology Co Ltd sank 8.03% hitting 34.61.
By the way, on the Shanghai Stock Exchange, the overall number of depreciated securities (808) exceeded the number of those that closed in positive territory (497). Meanwhile, up to 59 stocks remained virtually intact.
The volatility index of CBOE China Etf Volatility declined 8.75% demonstrating 28.79.
The bullish movement in the stock market is gaining speed, and Bitcoin ETFs are closer than they might seem. What do we need to know for the next trading week?
On Wednesday, September 22, Microsoft will be holding a product launch. The event starts at 18:00 GTM + 3.
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.
Every week we expect many interesting events that can shake the market.