IMAX China Begins Trading On Hong Kong Stock Exchange

In late morning trade in Shanghai, life insurer Ping An Insurance Group surged 6.1 per cent, China Construction Bank climbed 2.1 per cent, Bank of China rose 1.9 per cent, Agricultural Bank of China gained 1.7 per cent, and Industrial and Commercial Bank added 1.6 per cent.

The index may find strong resistance at the 23,200 level.

Thursday’s gain by the Shanghai Composite comes after the gauge tumbled 29 percent in the third quarter, the biggest slump among benchmark global indexes, as an equity boom turned to bust and leveraged traders cut positions.

I’ve missed you. China’s stock markets re-opened after a week long recess.

An investor looks downcast at a brokerage house in Fuyang city, East China’s Anhui province, October 8, 2015.

Those with staying power to weather adverse market conditions may find it reasonable to buy shares when valuations are cheap.

Dr Check and/or The Standard bear no responsibility for decisions made based on this column. As a result, the Hang Seng China Enterprises Index jumped over 10%.

Stocks in Hong Kong “are vulnerable to profit taking after their recent gains, but investor sentiment is improving”, said Mari Oshidari, a Hong Kong-based strategist at Okasan Securities Group Inc.

Japan’s Nikkei 225 (.N225) edged down 0.8 percent as investors digested machinery orders data that fell well short of expectations. The Philippine peso snapped a six-day increase and Indonesia’s rupiah fell after surging the most since 2008. On Wednesday after finishing its two-day monetary policy meeting, the central bank said: “Japan’s economy continues to recover moderately although exports and production have been affected by the slowdown in emerging economies”.