Shanghai shares snap five-session losing streak as tech stocks rally

By REUTERS
January 17, 2017 09:36

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For a symbolic $5 a month you will receive access to the following:

  • A user uxperience almost completely free of ads
  • Access to our Premium Section and our monthly magazine to learn Hebrew, Ivrit
  • Content from the award-winning Jerusalem Repor
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Don't show it again

SHANGHAI - Shanghai's benchmark stock index rose on Tuesday, snapping a five-day losing streak, as small-caps staged a sharp afternoon rebound that let an index tracking them halt an eight-day slide.

The blue-chip CSI300 index rose 0.2 percent, to 3,326.36 points. The Shanghai Composite Index also added 0.2 percent to 3,108.77 points.

China's start-up board ChiNext remained sluggish in the morning after slumping as much as 6.1 percent to a 16-month low on Monday, but reversed earlier losses after lunch and ended Tuesday in heavy turnover.

The rebound, which many say stemmed from views that recent falls were overdone, was led by ChiNext bellwether Leshi Information. It hit its 10 percent daily upside limit in its best day since June.

The market apparently drew some support from news that China's top securities regulator met with market participants on Saturday. It sought feedback on topics including initial public offerings (IPOs), two sources told Reuters, amid an acceleration in listings that has weighed on share prices.

News about the meeting fuelled speculation that regulators might slow the pace of IPOs to ease liquidity pressure on the market.


Related Content

Breaking news
June 25, 2018
Four Germans arrested, one released, during elections in Turkey

By REUTERS