Shanghai stocks retreat from decade high; HK extends losses on Mideast conflict
Shanghai stocks retreated from a decade high, with the Shanghai Composite index down 0.07% and the CSI300 Index slipping 0.13%. Hong Kong's Hang Seng Index lost 0.29% amid rising tensions from the Middle East conflict, impacting market sentiment. Defense stocks fell 5.57%, while energy stocks rose 5.85% due to increased oil prices. Analysts noted that the conflict could positively affect China's PPI and warned of potential shipping disruptions. Additionally, talks between Beijing and Washington on investment are underway, with attention on China's upcoming parliamentary meeting for economic targets.
Source: marketscreener The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments