• 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 Stocks end softer on tightening worries
  • April 13,2021  17:03
  • The Mainland China share market finished lower for the third straight session on Tuesday, 13 April 2021, as investor concerns that authorities could begin to tighten policy amidst signs of a solidifying recovery in the world's second-largest economy.

    At closing bell, the benchmark Shanghai Composite Index fell 0.48%, or 16.48 points, to 3,396.47. The Shenzhen Composite Index, which tracks stocks on China's second exchange, fell 0.06%, or 1.32 points, to 2,187.57. The blue-chip CSI300 index declined 0.16%, or 8.11 points, to 4,939.64.

    China's exports grew at a strong pace during March and imports rebounded giving investors heart that China's domestic demand is improving as part of the recovery from the pandemic. China's exports in dollar terms rose by 30.6% in March from one year earlier while imports jumped 38.1% compared to the same time last year. Consequently, the trade surplus stood at $13.8 billion.

    Separately, new bank loans in China rose more than expected in March from the previous month due to strong corporate and household demand, as the central bank walks a tightrope between supporting the rapidly recovering economy and containing debt risks. China's central bank announced on Monday that lending in the first quarter hit a record high of 7.67 trillion yuan (US$1.17 trillion), as policymakers aided the recovery in the world's second-largest economy.

    Three companies debuted on mainland bourses on Tuesday. Ningxia Xiaoming Agriculture & Animal Husbandry soared 581.7% to 30.95 yuan from its listing price of 4.54 yuan in Shenzhen. In Shanghai, WindSun Science & Technology, which manufactures power equipment, gained 53.7% to 22.25 yuan from its IPO price of 14.48 yuan. Biotechnology service provider Novogene added 114.7% to 27.40 yuan from its debut price of 12.76 yuan.

    CURRENCY NEWS: China yuan inched lower against the dollar on Tuesday, despite firmer mid-point fixing by central bank. Prior to market opening, the People's Bank of China (PBOC) set the midpoint rate CNY=PBOC at 6.5454 per dollar, 124 pips or 0.19% firmer than the previous fix of 6.5578. The onshore spot yuan CNY=CFXS opened at 6.5470 per dollar and was changing hands at 6.5502 at midday, 27 pips weaker 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 –, website:

The Stock Exchange, Mumbai is not in any manner answerable, responsible or liable to any person or persons for any acts of omission or commission, errors, mistakes and/or violation, actual or perceived, by us or our partners, agents, associates etc., of any of the Rules, Regulations, Bye-laws of the Stock Exchange, Mumbai, SEBI Act or any other laws in force from time to time.

The Stock Exchange, Mumbai is not answerable, responsible or liable for any information on this Website or for any services rendered by our employees, our servants, and us.

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.


Toll-free : 1800-11-0909

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