Forex News China shares open higher on technical rebound, following gains in U.S. stock market. Shanghai Composite Index +1.9% at 2757.31, tipped to hover around current level rest of session. "If oil prices continue to fall, most sectors will be benefit as China's economy will suffer less from inflation," says Li Wenhui at Huatai Securities. Airliners among biggest gainers, with Air China (601111.SH) +3.8% at CNY10.13, China Southern Airlines (600029.SH) +6.3% at CNY7.89. Oil refiners also rise with PetroChina (601857.SH) +1.6% at CNY15.07. Shenzhen Index +1.7% at 821.95.
0 comments:
Post a Comment