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Foreign Market News

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(18 Apr 2024, 16:30)

China Market ends mixed on geopolitical tensions


Mainland China share market finished session mixed on Thursday, 18 April 2024, as shaky domestic economic data, Fed’s hawkish stance on rate outlook and rising geopolitical tensions in the Middle East sapped risk appetite.

Market participants were also concerns about higher trade tensions between world two largest economies, as President Joe Biden on Wednesday called for sharply higher U.S. tariffs on Chinese metal products as part of a package of policies aimed at pleasing steelworkers in the swing state of Pennsylvania, at the risk of angering Beijing.

At close of trade, the benchmark Shanghai Composite index edged up 0.09%, or 2.84 points, to 3,074.23. The Shenzhen Composite Index, which tracks stocks on China's second exchange, sank by 0.11%, or 1.83 points, to 1,698.92. The ...

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