China Shares Expected To Open Under Pressure
BEIJING (dpa-AFX) - The China stock market has climbed higher in three straight sessions, advancing almost 100 points or 3.1 percent along the way. The Shanghai Composite Index now rests just beneath the 3,530-point plateau although it may run out of steam on Wednesday.
The global forecast for the Asian markets is flat to lower on sliding crude oil prices and concern over the outlook for interest rates. The European markets were mixed and flat, while the U.S. bourses were down - and the Asian markets figure to split the difference.
The SCI finished modestly higher on Tuesday following gains from the properties and resource stocks, while the financials were mixed.