Object reference not set to an instance of an object. Online Stock Broker - Stock Broking, Best Share Bazaar Brokers In India
  • SMC open account icon Open an A/C
    • Open an A/C
    • Trading A/c
    • Mutual Fund A/c
    • NBFC A/c
    • NPS A/c

Budget News

  • China Market falls on downbeat data
  • April 12,2024  15:39
  • Mainland China share market finished session significantly in negative territory on Friday, 12 April 2024, on concerns about economic growth after the nation?s exports and its imports dropped more than expected in March.

    Official figures showed China's exports dropped 7.5% year-over-year, while its imports fell by 1.9% in March. Total trade in the world?s second-largest economy also slid 5.1% year-on-year to $500.8 billion. China?s trade surplus shrunk more than expected to $58.55 billion.

    Market sentiments also hurt by intensified U.S. crackdown on China's tech sector. The United States has added six Chinese companies to an export blacklist accusing them of seeking to acquire AI chips for China's military or helping to procure drones for use by Russia.

    Investors also looked ahead to a rate decision by the People's Bank of China on Monday, with the central bank expected leave the key policy rate unchanged.

    At close of trade, the benchmark Shanghai Composite index was down 0.49%, or 14.77 points, to 3,019.47. The Shenzhen Composite Index, which tracks stocks on China's second exchange, dropped 0.81%, or 13.88 points, to 1,707.71. The blue-chip CSI300 index sank 0.81%, or 28.40 points, to 3,475.84.

    ECONOMIC NEWS: China Inflation Eases 1% On Month In March- Consumer prices in China fell 1.0 percent on month in March, the National Bureau of Statistics said on Thursday. On a yearly basis, inflation rose 0.1 percent, slowing from 0.7 percent in the previous month. The bureau also said that producer prices were down 2.8 percent on year, following the 2.7 percent contraction a month earlier.

    CURRENCY NEWS: China's yuan was steady against the dollar on Friday, as tad firmer midpoint fixing by the central bank. Prior to the market's opening, the People's Bank of China set the midpoint rate at 7.0967 per U.S. dollar, firmer than the previous fix 7.0968. In the spot market, the onshore yuan CNY=CFXS yuan was changing hands at 7.2366 at midday, little changed from the previous late session close.

    Powered by Capital Market - Live News

Top News
Economy News

Follow us:

  • fb icon
  • Twitter icon
  • Linkedin
  • you tube
  • Instagram


SMC Global Securities Ltd | CIN : L74899DL1994PLC063609 | Registered Office: 11/6B, Shanti Chamber, Pusa Road, Delhi-110005. | Tel +91-11-30111000 | Compliance Officer: Mr. Ashok Kumar Aggarwal | Tel 011-30111000 Extn. 170 | Email:-aka@smcindiaonline.com| Customer Care Email –smc.care@smcindiaonline.com| Complaint Email –igc@smcindiaonline.com| website: www.smctradeonline.com

SEBI Reg. No. INZ000199438, Member: NSE (07714), BSE (470), MSEI (1002), MCX (8200) & NCDEX (00021). DP SEBI Regn. No. CDSL/NSDL-IN-DP-130-2015, SMC Research Analyst Registration- INH100001849, Mutual Funds Distributor ARN No. 29345. •Insurance services are offered through SMC Insurance Brokers Pvt. Ltd. IRDAI Regn. No: DB 272/04 License No. 289 Valid upto 27/01/2026. • Real Estate Advisory services are offered through SMC Real Estate Advisors Pvt. Ltd.

Disclaimer: Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Mutual Fund investments are subject to market risks. Read all scheme related documents carefully. PMS is not offered in commodity derivative segment. Insurance is the subject matter of solicitation. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Past performance should not be taken as an indication or guarantee of future performance, and no representation or warranty, express or implied, is made regarding future performance. The price, value of and income from any of the securities or financial instruments mentioned in this report can fall as well as rise.The securities are quoted as an example and hot as a recommendation.

By submitting your details to SMC, you are authorizing us to send promotional communication through Call/Email/SMS/Whatsapp even though you may be registered under DND.


Toll-free : 1800-11-0909
Email: contact@smctradeonline.com

Plus Minus 
Copyright ©2016-2024 SMC. All Rights Reserved | Disclaimer | Privacy Policy | Copyright| Testimonials| Sitemap| Grievance|Terms And Conditions| design agency: triverse| Powered by C-MOTS Infotech (ISO 9001:2015 certified)

Open my trading account now!  X 

* All fields are compulsory