-
Advertorial
-
FOCUS
-
Guide
-
Lifestyle
-
Tech and Vogue
-
TechandScience
-
CHTF Special
-
Nanhan
-
Futian Today
-
Hit Bravo
-
Special Report
-
Junior Journalist Program
-
World Economy
-
Opinion
-
Diversions
-
Hotels
-
Movies
-
People
-
Person of the week
-
Weekend
-
Photo Highlights
-
Currency Focus
-
Kaleidoscope
-
Tech and Science
-
News Picks
-
Yes Teens
-
Fun
-
Budding Writers
-
Campus
-
Glamour
-
News
-
Digital Paper
-
Food drink
-
Majors_Forum
-
Speak Shenzhen
-
Business_Markets
-
Shopping
-
Travel
-
Restaurants
-
Hotels
-
Investment
-
Yearend Review
-
In depth
-
Leisure Highlights
-
Sports
-
World
-
QINGDAO TODAY
-
Entertainment
-
Business
-
Markets
-
Culture
-
China
-
Shenzhen
-
Important news
在线翻译:
szdaily -> Markets
Stocks dip but reform hopes offset North Korea jitters
    2017-September-7  08:53    Shenzhen Daily

CHINA’S blue-chip share index ended slightly weaker yesterday but off the day’s lows as strong gains in major State-owned firms helped offset rising North Korea tensions.

The CSI300 index fell 0.2 percent to 3,849.45 points, while the Shanghai Composite Index closed little changed at 3,385.39.

Firms controlled by the Central Government rallied strongly in the afternoon, amid continued expectations that the government will step up efforts to restructure its State-owned firms.

An index tracking major Shanghai-listed firms with reform hopes rose 0.5 percent to hit its highest since early 2016. It has gained more than 12 percent so far this year.

However, investors’ appetite was curbed by geopolitical concerns following North Korea’s biggest-ever nuclear test Sunday and reports that it is preparing more missile launches.

UBS said in its monthly Asia Pacific investment report that although “U.S.-North Korea relations have perhaps reached their tensest point in decades,” military conflict is “unlikely.”

One possible risk stemming from the crisis, according to UBS China strategist Gao Ting, is potential trade friction between China and the United States triggered by differences over how to resolve the North Korean issue.

“This nuclear issue. ..could affect the Sino-American relationship, and trade is part of that bilateral relationship,” Gao said.

After a strong run-up in recent months, Gao said China’s market is starting to lose some upward momentum, having fully priced in stronger economic growth. So, investors could shift attention to structural opportunities, such as those created by State-owned enterprise reforms, which will likely spur more mergers and acquisition. (SD-Agencies)

 

深圳报业集团版权所有, 未经授权禁止复制; Copyright 2010, All Rights Reserved.
Shenzhen Daily E-mail:szdaily@szszd.com.cn