Close
x
  • SMC open account icon Open an A/C
    • Open an A/C
    • CHOOSE YOUR OPTION(S)
    • Trading A/c
    • Mutual Fund A/c
    • NBFC A/c
    • NPS A/c

Budget News

  • China Market rises on upbeat services sector data
  • July 03,2020  19:52
  • The China share market closed higher for a fourth straight session on Friday, 03 July 2020, as investors sentiments lifted by hopes of recovery in the world's second largest economy after an upbeat survey showed expansion in the country's services sector and positive business sentiments data.

    At closing bell, the benchmark Shanghai Composite Index added 2.01%, or 62.24 points, to 3,152.81. The Shenzhen Composite Index, which tracks stocks on China's second exchange, rose 1.28%, or 25.84 points, to 2,041.89. The blue-chip CSI300 index gained 1.93%, or 83.76 points, to 4,419.60. For the week, Shanghai Composite Index rose 5.8%, its best since March 2019, while the CSI300 index gained 5.8%, its best since November 2015.

    China markets got a boost after a private survey showed China's services sector expanded at the fastest pace in over a decade in June as the easing of coronavirus-related lockdown measures revised consumer demand. The Caixin/Markit services Purchasing Managers' Index (PMI) rose to 58.4, the highest reading since April 2010, from May's 55.0.

    Meanwhile, the People's Bank of China released surveys that showed business sentiment among bankers and entrepreneurs improved in the second quarter.

    CURRENCY NEWS: The yuan edged up against the dollar on Friday, despite softer mid-point fixing by central bank. Prior to the market opening, the People's Bank of China (PBOC) set the midpoint rate CNY=PBOC at 7.0638 per dollar, 72 pips or 0.1% weaker than the previous fix of 7.0566. In the spot market, onshore yuan CNY=CFXS opened at 7.0700 per dollar and was changing hands at 7.0645 late afternoon, 15 pips firmer than the previous late session close.

    Powered by Capital Market - Live News

Top News
Economy News

Follow us:

  • fb icon
  • Twitter icon
  • Linkedin
  • you tube

Disclaimer: Investment in securities and commodities market are subject to market risks, read all the related documents carefully before investing. SMC Global Securities Ltd. (CIN : U67120DL1997PLC188881): NSE INB/ INF/INE 230771431, BSE INB/INF 011343937, MSEI INB/INF 260771432, CDSL/NSDL-IN-DP-130-2015, SMC Research Analyst Registration- INH 100001849 I SMC Global Securities Ltd.: NCDEX/MCX (8200)/ NMCE/ICEX-INZ000035839 I SMC Global Securities Ltd.: PMS INP000003435 I SMC Insurance Brokers Pvt. Ltd., IRDAI Regi: No: DB 272/04, License No. 289 Valid from 28-01-2020 to 27-01-2023 I Registered Office: 11/6B, Shanti Chamber, Pusa Road, New Delhi-110005, Tel.: (011) 30111000. For any complaints email – igc@smcindiaonline.com, website: www.smctradeonline.com

Insurance is the subject matter of solicitation • All insurance products sold through SMC Insurance Brokers Pvt. Ltd. • Investment Banking Services provided by SMC Capitals Ltd. • Equity PMS and Wealth management services provided by SMC Global Securities Ltd. • IPOs and Mutual Funds distribution services are provided by SMC Global Securities Ltd. • Financing Services provided by Moneywise Financial Services Pvt Ltd. • Commodity broking services provided by SMC Global Securities Ltd. • Real Estate Advisory services are offered through SMC Real Estate Advisors Pvt. Ltd.

OUR OTHER WEBSITES Go
IMPORTANT LINKS Go
QUICK LINKS
Go

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

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

Open my trading account now!  X 

* All fields are compulsory