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Asia s Largest Insurer Hammered As Investors Sell First, Don t Bother To Ask Questions
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More Pain Predicted For China Stock Market
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Continued Support Anticipated For China Stock Market
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China Stock Market Has A Green Light For Friday
BEIJING (dpa-AFX) - The China stock market on Thursday snapped the four-day losing streak in which it had plunged more than 210 points or 6.1 percent. The Shanghai Composite Index now rests just above the 3,410-point plateau and it s expected to extend its gains on Friday.
The global forecast for the Asian markets is firm, supported by crude oil and optimism over interest rates. The European and U.S. markets were up and the Asian markets are tipped to follow suit.
The SCI finished sharply higher on Thursday following gains from the financial shares and resource stocks, while the properties were mixed.