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China Stock Market May See Continued Consolidation


China Stock Market May See Continued Consolidation
BEIJING (dpa-AFX) - The China stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day losing streak in which it had retreated almost 60 points or 2.7 percent. The Shanghai Composite Index now rests just above the 3,525-point plateau and it may take further damage on Friday.
The global forecast for the Asian markets suggests consolidation on concerns over the spread of the coronavirus variant. The European and U.S. markets were down and the Asian markets are tipped to open in similar fashion. ....

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China Bourse May Take Further Damage On Wednesday


China Bourse May Take Further Damage On Wednesday
BEIJING (dpa-AFX) - The China stock market turned lower again on Tuesday, one session after halting the two-day losing streak in which it had retreated almost 60 points or 2/7 percent. The Shanghai Composite Index now rests just above the 3,530-point plateau and the losses may accelerate on Wednesday.
The global forecast for the Asian markets is soft thanks to sinking oil prices and expected profit taking. The European markets were down and the U.S. bourses were mixed and the Asian markets figure to split the difference.
The SCI finished slightly lower on Tuesday as losses from the broader market were mitigated by support from the financial shares and property stocks. ....

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Higher Open Expected For China Stock Market


Higher Open Expected For China Stock Market
BEIJING (dpa-AFX) - The China stock market on Monday wrote a finish to the two-day losing streak in which it had retreated almost 60 points or 2/7 percent. The Shanghai Composite Index now rests just shy of the 3,535-point plateau and it s tipped to open in the green again on Tuesday.
The global forecast for the Asian markets suggests mild upside on optimism for continued economic recovery. The U.S. markets were closed for the Independence Day holiday and the European bourses finished higher and the Asian bourses are expected to open in similar fashion. ....

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