Sensex
81,118.60 profit arw -573.38 (-0.70%)
Nifty
24,718.60 profit arw -169.60 (-0.68%)
Nasdaq
18,355.20 profit arw -497.09 (-2.64%)
logo img

GET IN TOUCH

GET IN TOUCH

Refresh Captcha
Equity

As on : 15-Oct-2024
Market Commentary - Foreign Markets
15-Oct-2024     16:10

Chinese stocks slump, Shanghai composite index down 2.53%

Chinese and Hong Kong markets underperformed after weekend announcements from authorities about economic support failed to inspire confidence among investors.

China's Shanghai Composite index tumbled 2.53 percent to 3,201.29 as the size of Beijing's planned fiscal boost remained unclear.

Hong Kong's Hang Seng index plummeted 3.67 percent 20,318.79, dragged down by tech and real estate stocks.

Media reports stated that China may raise an additional 6 trillion yuan ($850 billion) from ultra-long special government bonds over three years to help bolster a sagging economy.

China's exports and imports figures are raising concerns about one of the few bright spots in the world's second largest economy.

Exports rose by 2.4% in September from a year ago in U.S. dollar terms, while imports added 0.3%.

Powered by Capital Market - Live News

INDIAN INDICES

Sensex

81,118.60 -573.38 (-0.70%)

Nifty

24,718.60 -169.60 (-0.68%)

GLOBAL INDICES

USD

85.75 0.06 (0.95%)

NASDAQ
HANG SENG

23,892.57 -142.82(-0.59%)