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's stock market concludes up
On Thursday, China's stock market concluded up due to strengthening sectors of oil and gas equipment, insurance as well as gas and water supply.
At the close on the Shanghai Stock Exchange, the Shanghai Composite rose 0.85%, the SZSE Component index tacked on 1.02%.
Among leaders of growth in the components of the Shanghai Composite Index one should mention shares of Aluminum Corp of China Ltd, which rallied by 10.11%, concluding at 5.120. Quotes of Guangzhou Baiyunshan Pharmaceutical Holdings Co Ltd leapt by 10.02%, concluding the auction at 30.200. Paper Shanghai LongYun Advertising & Media Co Ltd went up by 10.01% ending up with 61.35.
The leaders of the fall were the shares of Shanghai U9 Game Co Ltd, whose price fell by 7.45% concluding at 6.460. Shares of Harbin Air Conditioning Co Ltd climbed by 7.35% closing at 6.680, while Hainan Haiqi Transportation Group Co declined by 6, 83% coming up with 11,450.
As for the components of the SZSE Component, Nationz Technologies Inc rallied 10.04% reaching 10.41, Shenwu Environmental Tech that ascended 10.03 %, closing at 12.94. Yunnan Aluminum Co Ltd tacked on by 9.98%, concluding the trading session at 8.93.
Leaders of the dive were the shares of Zhejiang Jinke Peroxides Co Ltd, which dived by 7.05%, ending up with 10.55. Shares of Shenzhen Ysstech Info-Tech Co Ltd lost 6.00% and closed the trading session at the level of about 15.81. Besides this, equities of Beijing Sinnet Technology Co Ltd slumped by 5.24% hitting 15.90.
On the Shanghai Stock Exchange, the number of more expensive securities (770) managed to surpass the number of closed shares in the red (508), while up to 88 equities didn’t change.
Zhejiang Jinke Peroxides Co Ltd dived to a 52-week minimum, having declined by 7.05% and concluding the trading session at 10.55.
Besides coronavirus, other news has been driving the stocks of Apple, Wallmart and General Motors to the lower levels.
Will coronavirus continue keeping the markets in fear? What releases should we wait for? Find out in the news!
WTI oil prices jumped up after Donald Trump’s 2 tweets
Today the US nonfarm payroll data will be reported that could cause fluctuations of the market.
WTI was at $20 per barrel just in the beginning of the day. Currently - above 25$.