Tag: Chinese shares

• Thursday, August 27th 2015 - 04:28 UTC

  Wall Street rebounds 4%, but European markets still fearful of China

  

  Shares on Wall Street finished with their biggest rise in four years ending another rocky day of trading on global markets. The mood was lifted by comments from US Federal Reserve official William Dudley that a rate rise in September seemed “less compelling”.

• Thursday, August 27th 2015 - 04:21 UTC

  Chinese shares timidly return to positive territory: Shanghai Composite up 2.3%

  

  Chinese shares have returned to positive territory after massive losses earlier in the week rocket markets around the globe. The Shanghai Composite was up by 2.3% at 2,991.91 points. The turnaround, though, does little to make up double digit percentage losses made so far this week.

• Wednesday, August 12th 2015 - 07:51 UTC

  Wednesday’s China shockwave: Yuan devalued 1.6%; IMF support, US Treasury cautious

  

  Chinese shares were lower on Wednesday as its central bank again devalued the yuan, following Tuesday's record cut. The People's Bank of China fixed the daily guiding rate for the currency down 1.6% to 6.3306 against the dollar.

• Tuesday, July 28th 2015 - 07:00 UTC

  Chinese shares on the slide after dropping 8% on Monday; central bank to inject liquidity

  

  Shares in mainland China continued their slide on Tuesday, after a historic sell-off the previous day. The Shanghai Composite fell by 4.3% to 3,567.38 points in early trade, after the index on Monday saw its biggest drop in eight years with an 8% tumble.