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0808 Chinese Stock Review

(2013-08-09 00:28:11)
标签:

财经

Looking at today's stock market...

 

Positive trade numbers from the Chinese General Administration of Customs injected some optimism into markets after beating economists’ expectations despite uncertainty ahead of tomorrow’s inflation and industrial output numbers.

 

The General Administration of Customs reports that exports rose 5.1% over last July bringing the total value of exports to $186 billion while import trade also increased by 10.9% totaling $17.8 billion in value. The upward trend indicates a reversal of last month’s data that hinted at slowing trade volume.

 

Although the Shanghai Composite Index closed at 2044.89 losing over1.89 points or 0.09% of its value, the Shenzhen Component Index gained 18.77 points, or 0.23 percent, closing at 8114.87 points.

 

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