China Shares May Crack Resistance At 4,200 Points

nasdaq
2026.05.11 01:10
portai
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China's stock market ended a four-day winning streak, with the Shanghai Composite Index closing at 4,179.95, just below the 4,180-point mark. The market is expected to open higher on Monday, influenced by strong U.S. employment data. The index saw mixed performances among sectors, with energy companies facing losses while the property sector gained. The Shenzhen Composite Index rose slightly to 2,875.75. Wall Street's positive lead, driven by strong job growth, contributed to the optimistic outlook for Asian markets, despite ongoing geopolitical tensions in the Middle East.