From Nasdaq: 2025-02-09 20:01:14

The China stock market has seen an increase of over 70 points in recent days, with the Shanghai Composite Index now above 3,300 points. However, global markets are facing negativity due to concerns about inflation and tariffs, with European and U.S. markets experiencing losses. The SCI closed higher on Friday, driven by gains in property and resource stocks but with some softness in financials.

On Wall Street, major averages fell significantly on Friday, with the Dow dropping nearly 1 percent. The decline was influenced by consumer sentiment weakening in February, unexpected job growth data, and President Trump’s announcement of reciprocal tariffs.

Oil prices rose on Friday following new U.S. sanctions on Iran’s crude exports, despite a stronger dollar limiting gains. West Texas Intermediate Crude oil futures for March closed at $71.00 a barrel.



Read more at Nasdaq: China Shares May Open Under Water On Monday