MTS Help Center

· Mainland Chinese stocks rise; gold prices soar after $2 trillion Europe stimulus package

China stocks ended higher for the fourth straight session on Wednesday, buoyed by Beijing’s capital market reforms, though gains were checked by ongoing Sino-U.S. tensions.

At the close, the Shanghai Composite index was up 0.37% at 3,333.16, while the blue-chip CSI300 index ended 0.5% higher after rising 2.1% earlier in the session.

Both indexes recovered most of their losses from a trough hit last week due to worries over policy tightening and foreign outflows.

Stocks in Asia Pacific mostly declined in the afternoon, but mainland Chinese stocks bucked the trend. Gold prices soared to a nine-year high, while the dollar weakened after European Union leaders reached an unprecedented $2 trillion stimulus package.

Overall, MSCI’s broadest index of Asia-Pacific shares outside Japan edged down 0.17% in the afternoon.

· China shares gain for fourth day on market reforms, Sino-U.S. tensions curb gains

China stocks ended higher for the fourth straight session on Wednesday, buoyed by Beijing’s capital market reforms, though gains were checked by ongoing Sino-U.S. tensions.

At the close, the Shanghai Composite index was up 0.37% at 3,333.16, while the blue-chip CSI300 index ended 0.5% higher after rising 2.1% earlier in the session.

Both indexes recovered most of their losses from a trough hit last week due to worries over policy tightening and foreign outflows.

· Tokyo shares fall on profit-taking ahead of 4-day long weekend

Tokyo shares fell Wednesday as reluctance to trade actively ahead of the long weekend prompted some market players to take profits from recent gains.

The 225-issue Nikkei Stock Average ended down 132.61 points, or 0.58 percent, from Tuesday at 22,751.61. The broader Topix index of all First Section issues on the Tokyo Stock Exchange finished 9.78 points, or 0.62percent, lower at 1,572.96.

Decliners were led by land transportation, pharmaceutical and precision instrument issues.

· European markets open lower as coronavirus concerns weigh on sentiment

European stocks opened lower on Wednesday as concerns over the coronavirus outweigh optimism over the European Union’s (EU) recovery fund.

The pan-European Stoxx 600 slipped 0.5% at the start of trading, with media stocks shedding 1.2% to lead losses while banks bucked the downward trend to edge 0.3% higher.

European stocks had advanced Tuesday after European Union leaders reached a deal on a 750 billion euro ($862 billion) recovery fund to help the region recover from the coronavirus crisis.

But the flat open expected Wednesday suggests concerns over the pandemic are returning to the fore, especially over the U.S., where the virus has now infected more than 3.8 million people, according to data from Johns Hopkins University, and has killed almost 142,000 people.

The U.S. reported more than 1,000 deaths from Covid-19 on Tuesday, according to a Reuters tally, marking the first time since June 10 that the country reached that grim milestone.

Reference: CNBC, Reuters