Chinese stocks closed the day at a 10-year high as investors bought energy, gold and defense stocks in response to the conflict between Iran and the United States.
The Shanghai Composite Index rose 0.45% to 4,182 points, its highest level since June 2015 at the close of trading. The CSI300 index rose 0.4% to 4,728 points, while the Shenzhen Composite Index fell 0.7% to close at 2,744 points.
lowest level
The value of the US currency rose 0.35% against the Chinese currency, trading at 6.8826 yuan as of 1:57 pm Makkah time.
Meanwhile, Hong Kong’s Hang Seng Index fell 2.15% to its lowest point in two months due to geopolitical instability after the attack targeting Iran, with Hong Kong’s market considered more sensitive to fluctuations in global markets.
Chinese stocks closed the day at a 10-year high as investors flocked to buy energy, gold and defense stocks in the wake of the conflict between Iran and the United States.
The Shanghai Composite Index rose 0.45% to 4,182 points, its highest closing level since June 2015, while the CSI300 Index rose about 0.4% to 4,728 points, and the Shenzhen Composite Index fell 0.7% to close at 2,744 points.
lowest level
The value of the US dollar against the Chinese yuan rose 0.35%, trading at 6.8826 yuan as of 1:57 pm Mecca time.
In contrast, Hong Kong’s Hang Seng Index fell 2.15% to its lowest level in two months, affected by geopolitical concerns after the attack targeting Iran, as Hong Kong markets are considered more sensitive to fluctuations in global markets.
