China Stock Market Tipped To Open In The Green
BEIJING (dpa-AFX) - The China stock market on Wednesday wrote a finish to the three-day losing streak in which it had fallen almost 30 points or 0.8 percent. The Shanghai Composite Index now rests just above the 3,560-point plateau and it's expected to add to its winnings on Thursday.
The global forecast for the Asian markets is positive, led by a strong rebound in energy stocks. The European and U.S. markets were up and the Asian bourses are predicted to follow that lead.
The SCI finished modestly higher on Wednesday as gains from the resource stocks were dented by weakness from the financials and properties.