China Stock Market Tipped To Open In The Green

(RTTNews) - The China stock market has finished higher in three straight sessions, accelerating almost 85 points or 2.5 percent along the way. The Shanghai Composite Index now sits just above the 3,370-point plateau and it's set to extend its winning streak on Wednesday.

The global forecast for the Asian markets is upbeat on rising oil prices and hopes for stimulus in the United States. The European markets were mixed and the U.S. bourses were up and the Asian markets figure to split the difference.

The SCI finished slightly higher on Tuesday following gains from the financial shares, property stocks and oil and insurance companies.

For the day, the index rose 3.72 points or 0.11 percent to finish at 3,371.69 after trading between 3,352.50 and 3,391.07. The Shenzhen Composite Index slid 14.94 points or 0.65 percent to end at 2,300.50.

Among the actives, Industrial and Commercial Bank of China jumped 1.41 percent, while Bank of China climbed 1.20 percent, China Construction Bank accelerated 1.63 percent, China Merchants Bank soared 4.80 percent, China Life Insurance surged 4.92 percent, Ping An Insurance spiked 2.92 percent, PetroChina perked 1.12 percent, China Petroleum and Chemical (Sinopec) added 0.75 percent, Baoshan Iron rose 0.40 percent, Gemdale gained 0.84 percent, Poly Developments rallied 2.20 percent and China Vanke was up 1.69 percent.
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