Shanghai composite index slips 0.3 percent – but global demand for “a”-shares set to double in 2017

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The Shanghai Composite Index slipped 0.30 percent today to close at 3,161.67, for a loss of 9.56 points on volume of 180 million shares. Inr to usd today Stocks fell early in the day, hitting their low of 3,157 early in the day, but rallied to 3,175 by mid-afternoon before slipping to the final closing price.

The Nikkei Stock Average, coming back from a long weekend, was down 0.79 points by the day’s end as jitters over what President Elect Trump might say about Japanese manufacturers pushed up the yen while depressing equity sentiment, while the Australian S&P/ASX 200 fell 0.80 percent and the Korean Kospi fell 0.18 percent. Flower quotes tumblr The Hong Kong Hang Seng Index gained 0.83 percent, however, and the Singapore Straits Times Index gained 0.82 percent.

Oil futures, traditionally highly correlated with Chinese stocks, also logged their biggest dollar-denominated decline in six months on Monday, but recovered somewhat this afternoon in Asia market trading.

The Shanghai Composite Index is now in the black for the trailing 1-year period, having gained investors 4.59 percent over the past 12 months. Usd to cad Year to date the Index is up 1.87 percent, and up 3.15 percent over the last three months. Usd to cny The Index has gained 0.82 percent over the last five trading days. Us market futures bloomberg SSEC Winners & Losers

YunNan Metropolitan Real Estate Development Co. Usd to rupee exchange rate today led the Shanghai Exchange higher today, gaining 10.12 percent. Inr to usd Baida Group Co. Usd trend 2016 gained 9.99 percent, as did Hangzhou Jiebai Group Co. Convert yen to usd and Changchun Yidong Clutch Co. Convert aud usd Hubei Yangfan Holding Co. 1000 usd to eur was up 9.96 percent. Usd to pound Xinjiang Qingsong Building Materials & Chemicals (Group) Co. Used book stores springfield mo was up 9.92 percent, Harbin Dongan Auto Engine Co. Taux de change euro dollar was up 8.18 percent, China Southern Airlines Co. Usa today newspaper sports climbed 7.24 percent, VV Food & Beverage Co. Free language translation served up gains of 7.20 percent, Yunnan Chihong Zinc & Germanium Co. Usd to kwd converter put the pedal to the metal to gain 6.46 percent, and Fangda Special Steel Technology Co. Stock market futures news gained 5.91 percent.

Among the Shanghai Exchange’s losers were Zhongzhu Healthcare Holding Co., which fell 10.10 percent, Changchun Sinoenergy Corp. Usd to aud conversion slipped 9.96 percent, Huayi Electric Co. Usd zar encountered resistance, falling 9.95 percent, Anhui Expressway went downhill by 9.92 percent, Liuzhou Liangmianzhen Co. American market futures fell 9.29 percent, China Jialing Industrial Co. Us dollar indian rupee exchange rate declined 7.57 percent, and Guizhou Chitianhua Co. The binary fell 6.68 percent. Bloomberg stock futures cnn Chinese Economics

We may see demand for “A” shares ramping up over the next year, thanks to reforms and increasing openness and liberalization within China’s capital markets. Binary to letter converter Global demand for Mainland China yuan-denominated stocks will probably double by the end of the year, predicts the China equities desk at UBS Group AG. 1 usd to idr Driving the demand are expectations of further open market reforms and the possible inclusion of Chinese A shares in the MSCI global emerging market index, which could bring billions in capital into Chinese exchanges from overseas.


Gao Ting, chief China strategist at UBS Securities, said that the A-share market was likely to deliver a better performance in 2017. Binary addition calculator “The market will be supported by the expectation of improved profitability of listed companies,” Gao said, noting that the CSI 300 index, which tracks some of the largest stocks in Shanghai and Shenzhen, will likely reach the level of 3,750 by the year end.”

Inflation in China picked up slightly last year, reported the National Bureau of Statistics, thanks to commodity price increases. Futures in stock market The Consumer Price Index gained 2 percent in 2016, an increase from 1.4 percent in 2014 and in 2015, but well below Beijing’s 3 percent inflation target.

The December CPI increase was 2.1 percent compared to the prior year, decelerating somewhat compared to November’s increase of 2.3 percent over the previous 12-month period.

Things were more inflationary in the producer price index, which measures the price of goods as they leave the factory gate. Usd vs gbp chart Producer prices were up 5.5 percent in December on a year-over-year basis – the highest level since December of 2011.

Chinese per capita productivity should increase strongly between now and 2012, says Cai Fang, deputy director of the Chinese Academy of Social Science. Binary search example Cai forecasts that China will experience economic growth of between 6.2 and 6.7 percent during the 13th Five Year Plan, which should push GDP per capita to the neighborhood of $12,600 in 2022, according to reporting from China Daily. Kwacha to usd This qualifies China as a “high-income” country, Cai says.

China’s current per capita GDP is $US6,416.18 so a move to $12,600 would roughly double productivity per capita. 1 aud to usd If the productivity gains can be translated to wages, this bodes extremely well for all manner of consumer stocks, both inside and outside of China. Marriott hotel rates However, the more Chinese curtail their prodigious savings rates in order to boost consumption for themselves, the less global capital there is available for lending in the west, which could push interest rates up.

China’s savers have already caused a global savings glut that fueled a real estate bubble in the US a decade ago, so we know that China’s economy is substantial enough that consumer behaviors now can move the needle in the US. Convert binary to text That fact isn’t going away anytime soon. Convert usd to cny Chinese Currency Overview

The yuan strengthened today after the People’s Bank of China set the daily trading midpoint at 6.9234 yuan against the dollar, a 28-basis point increase compared to yesterday. Funny quotes with pictures By mid-afternoon, onshore traders had bid the yuan back up to 6.9248 against the dollar, a 0.16 percent increase compared to yesterday. Jpy usd exchange rate Offshore traders were swapping yuan for dollars at 6.8742 to the buck, a 0.06 percent, or 38 basis point increase compared to yesterday. Gbp usd chart live China’s Economic Outlook

Fundamentals favor continued gains in the Chinese stock market. Us stock futures marketwatch According to UBS Securities chief China strategist Gao Ting, non-financial companies in the A-share market should see profitability increase by 4 percent, and financial sector companies should see profit increase of about 6.8 percent over the course of the year.

Gao warns that there are risks, including the as-yet unknown effects of the Trump presidency, Brexit and political uncertainty in the European Union. Program for binary search There is also a risk that the People’s Bank of China will further tighten its monetary policy to stave off further declines in the yuan. When does the futures market open This hurts domestic investors more than it does A share investors in the west, who must eventually convert their holdings back into dollars, pounds or euros.

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