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China stocks stage relief rally after 5-day slide
发布时间:2015-11-16 12:46 来源:http://www.techolics.com

China stocks stage relief rally after 5-day slide

BEIJING, Aug. 27 (Xinhua) -- Chinese stocks staged a relief rally on Thursday after shaking off a five-day losing streak.

The benchmark Shanghai Composite Index soared 5.34 percent to 3,083.59points, the biggest single-day gain in a month, though dwarfed by a combined 20-percent loss since last Thursday. The Shenzhen Component Index added 3.58 percent to close at 10,254.35 points.

The turnaround trailed an overnight rally in the United States on hints from the Federal Reserve that a rate hike is not likely next month.

Regional markets rose too. Hong Kong's Hang Seng Index gained 4.13 percent to hit 21,950.53 and Japan's Nikkei 225 added 1.08 percent.

The trading volume on the Shanghai and Shenzhen exchanges was thin on Thursday at 765.3 billion yuan (119 billion U.S. dollars), down from nearly 900 billion yuan on Wednesday.

The financial industry was the day's biggest winner, with its sub-index soaring 7.25 percent. Citic Bank Corp. and Bank of Nanjing both rose by the 10-percent daily limit.

The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, gained 3.68 percent to close at 1,959.49.