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As on : 29-Oct-2024
Market Commentary - Foreign Markets
29-Oct-2024     15:00

China Shanghai composite index moves down around 1%

Chinese stocks fell today while Asian stocks ended mixed as investors looked ahead to a slew of U.S. economic data as well as tech megacap earnings for directional cues.

Traders also remained apprehensive that a Donald Trump victory in the upcoming U.S. presidential election may slow global growth.

China's Shanghai Composite index fell 1.08 percent to 3,286.41 as caution set in ahead of a top leadership meeting next week, expected to discuss stimulus measures.

Investors also reacted to reports suggesting that the Biden administration has finalized restrictions on investments by U.S. individuals and companies into advanced technology in China.

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