Chinese stock index jumps 5.3 percent as Asian stocks rise
Source: AP
By JOE McDONALD
BEIJING (AP) — China's main stock index surged 5.3 percent Thursday, its biggest gain in eight weeks, as markets across Asia advanced in the wake of Wall Street's rebound, giving investors some relief after gut-wrenching global losses.
The Shanghai Composite Index posted its first gain in six days to close at 3,083.59 points, bouncing back from losses that triggered worldwide selling and wiped nearly 23 percent off its value over the past week. It was the biggest one-day increase since June 30.
Elsewhere in Asia, Hong Kong's Hang Seng rose 2.9 percent to 21,697.31 and Tokyo's Nikkei 225 added 1.1 percent to 18,574.44. Sydney's S&P ASX 200 advanced 1.2 percent to 5,233.30 and Seoul's Kospi gained 0.7 percent to 1,908.00. Markets in India, Singapore, Bangkok, New Zealand and Jakarta also rose.
European markets also advanced in early trading. France's CAC-40 increased 2.1 percent to 4,597.36 and Germany's DAX gained 2.4 percent to 10,240.92.
FULL story at link.
A Chinese investor walks past a display of the Shanghai Composite Index at a brokerage in Beijing on Thursday, Aug. 27, 2015. China's key stock market index surged 5.3 percent Thursday, its biggest gain in eight weeks, as markets across Asia rose following Wall Street's rebound, giving investors some relief after gut-wrenching global losses. (AP Photo/Ng Han Guan)
Read more: http://bigstory.ap.org/article/da90d99e279f4267933e5a361fa5cc61/chinese-stock-index-jumps-53-percent-asian-stocks-rise
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just for a reminder to everyone this is a communist government run program, and they are controlled by the central committee, and lets not forget that they suppress the ideals of democracy when they put there cronies in office --------------------think---- Hong Kong, Tibet, Mongolia to name a few.
It is amazing to watch how greed in any form is more important than human rights and how it plays out in this country and across the markets and no one bats an eye, and they all scramble for that cheap greed--------------- amazing----------------no principles or moral conscience ---------------none------------ just greed
