Shanghai Composite turns positive in afternoon after falling over 1% in morning
In short
China's Shanghai Composite Index turned positive in afternoon trading on October 9 after falling more than 1% in the morning, according to 36Kr and Jiemian. The ChiNext Index and Shenzhen Component Index also narrowed their losses. Jiemian reported that the ChiNext loss narrowed to 0.4% and the STAR 50 loss to 0.5%, after morning falls of more than 3% and more than 4% respectively.
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China's Shanghai Composite Index turned positive in afternoon trading on October 9, after falling more than 1% in the morning, 36Kr and Jiemian reported. CLS reported that the indices recovered in the afternoon and that the Shanghai Composite was the first to turn positive, while losses in the ChiNext Index, the Shenzhen Component Index and the STAR 50 Index narrowed sharply. [ 1 , 2 , 3 ]
Jiemian reported that the ChiNext loss narrowed to 0.4%, after a morning fall of more than 3%, and the STAR 50 loss narrowed to 0.5%, after a morning fall of more than 4%. According to Jiemian, precious metals, AI video and grain sectors were among the leading gainers. [ 3 ]
Why it matters
The reports describe a rebound in China's A-share indices within a single trading session. Business and tech outlets reported the move within minutes of each other.
Key facts
- The Shanghai Composite Index turned positive in afternoon trading on October 9. [ 1 , 2 , 3 ]
- The Shanghai Composite had fallen more than 1% in the morning session. [ 2 , 3 ]
- Losses in the ChiNext Index and the Shenzhen Component Index narrowed. [ 1 , 2 , 3 ]
- The ChiNext loss narrowed to 0.4%, after a morning fall of more than 3%, Jiemian reported. [ 3 ]
- The STAR 50 Index loss narrowed to 0.5%, after a morning fall of more than 4%, Jiemian reported. [ 3 ]
- Precious metals, AI video and grain sectors were among the leading gainers, according to Jiemian. [ 3 ]
Confirmed by several sources
Still unclear
- Closing levels of the indices for the day. The documents report the intraday move only and give no closing figures.
- The cause of the afternoon rebound. None of the documents gives a reason for the move.