Win Streak May Continue For China Stock Market
From Nasdaq: 2025-06-08 21:00:00
The China stock market has been on the rise for four consecutive sessions, with the Shanghai Composite Index finishing just above 3,385 points. Positive global forecasts are attributed to upbeat US employment data, leading to gains in the Asian markets. The SCI closed slightly higher on Friday, despite property sector weakness. Key companies like Industrial and Commercial Bank of China saw mixed performance. On Wall Street, major averages surged on Friday following a Labor Department report of stronger-than-expected job growth in May. Crude oil prices also rose in response to the positive data. China is set to release May figures for consumer prices, imports, exports, and trade balance.
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