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Thursday 20th of November 2008
July 6, 2007

Shanghai Composite up 4.6 percent


by Elaine Frei
Shanghai Composite up 4.6 percent

In China on Friday, the Shanghai Composite added 4.6 percent on the session to close at 3.781.17.

Elsewhere in Asia, the Hang Seng index in Hong Kong gained 1.25 percent to 22,531.74. Other advances included the Sensex, which was 0.69 percent higher to 14,964.12 in India. The Straits Times index in Singapore, meanwhile, was up 0.01 percent to 3,561.96.

In Australia, the Sydney Ordinaries dropped 0.14 percent to 6,383. The S&P/ASX200 was also lower, closing at 6,351.1.

There were declines in Tokyo as well, with the Nikkei 225 0.4 percent lower to 18,140.94. The Topix index fell 0.5 percent to 1,779.67.

In Europe, the FTSE Eurofirst 300 gained 0.57 percent to 1,618.9. On the continent, Paris CAC-40 was 0.71 percent higher to 6,102.69, while the Dax added 0.77 percent to 8,048.32 in Frankfurt. In Madrid, the IBEX was up 1.01 percent to 15,058.3.

The London markets were higher as well, with the FTSE 100 0.83 percent higher to 6,690.1.

In early afternoon trade on Wall Street, the Dow Jones Industrial Average was 0.18 percent higher to 13,590.44. The Nasdaq Composite had gained 0.09 percent to 2,659.17, while the S&P 500 was up 0.07 percent to 1,526.53/

Crude oil topped $76 per barrel in London in morning trade, while at midday in New York, West Texas Intermediate crude was above $72 per barrel.

Metals prices were mixed.

The US dollar weakened over the week, as did the yen.

The day’s sessions saw prices on US Treasury bonds lower, while yields were higher.

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Story link: Shanghai Composite up 4.6 percent


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