Chinese shares indicator board – unlike other markets green indicates falls Chinese shares picked up at the end of trading after the central bank stepped in to calm investors.<\/p>\n
Chinese shares at one point lost 5%, adding to the 6% fall on Tuesday.<\/p>\n
But the intervention left the Shanghai Composite 1.2% higher with a closing level of 3,794.11 points.<\/p>\n
Traders had been unsettled by comments by the securities regulator that the market had normalised and the government would allow market forces a bigger role in determining prices.<\/p>\n
Traders remained nervous about the further sell-off and the continuing uncertainty about the yuan.<\/p>\n
China’s central bank started to devalue the currency last week in an attempt to boost slowing growth in the world’s second largest economy.<\/p>\n
Hong Kong’s Hang Seng was also in negative territory, down by 1.1% at 23,219,98.<\/p>\n
Japan’s\u00a0Nikkei 225\u00a0index finished the day 1.6% lower at 20,222.63, despite better-than-expected trade data out earlier in the morning.<\/p>\n
The country’s trade deficit for July fell by 72.3% compared with the same period the year before, largely thanks to lower commodity prices.<\/p>\n
The deficit fell to 268bn yen ($2.15bn) against 966.5bn yen a year earlier.<\/p>\n
Japan’s exports to the key North American market were up 18.8% for the month, while exports to Asia rose by 6.1%.<\/p>\n
Australia earnings<\/p>\n
In Australia, the S&P\/ASX 200 beat the region’s trend and rose by 1.5% to finish at 5,380.20 points following a host of corporate earnings.<\/p>\n
Shares in Treasury Wine Estates jumped by more than 14% after the company reported a strong full-year profit saying its focus on more expensive brands was paying off.<\/p>\n
Commodities producer Alumina saw shares up by almost 4% after strong half-year results and an optimistic outlook for the second half.<\/p>\n
In South Korea, the benchmark Kospi shed 0.8%, closing at 1,939.38 points.<\/p>\n
Computer and electronics giant Samsung Electronics beat the index’s trend though, jumping 3.5% after it’s ten-month-low of the past week.<\/p>\n
Source: www.bbc.co.uk<\/p>\n","protected":false},"excerpt":{"rendered":"
Chinese shares indicator board – unlike other markets green indicates falls Chinese shares picked up at the end of trading<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","footnotes":""},"categories":[6,32],"tags":[],"class_list":["post-602","post","type-post","status-publish","format-standard","hentry","category-china","category-markets"],"_links":{"self":[{"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/602","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=602"}],"version-history":[{"count":0,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/602\/revisions"}],"wp:attachment":[{"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}