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China Market ends firmer
(15:34, 27 Sep 2023)
Mainland China share market finished session modestly higher on Wednesday, 27 September 2023, as investors chased for bargain hunting on the back of policy support, with the central bank's vow to bolster the recovery also helping sentiment.

At close of trade, the benchmark Shanghai Composite index was up 0.16%, or 5.04 points, to 3,107.32. The Shenzhen Composite Index, which tracks stocks on China's second exchange, dropped 0.39%, or 7.30 points, to 1,901.98. The blue-chip CSI300 index increased by 0.21%, or 7.61 points, to 3,700.50.

CURRENCY NEWS: China's yuan was up against the dollar on Wednesday as stronger mid-point fixing by the central bank. Prior to market opening, the People's Bank of China (PBOC) set the midpoint rate CNY=PBOC at 7.1717 per U.S. dollar, 10 pips firmer than the previous fix 7.1727. In the spot market, the onshore yuan CNY=CFXS was changing hands at 7.3018 at midday, 107 pips firmer than the previous late session close.

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