The China stock market has closed higher for two consecutive days, with the Shanghai Composite Index just below 3,535 points. Global markets are directionless, with oil and biotech stocks facing pressure. The SCI rose 0.50 percent to finish at 3,534.48, with gains from financial, resource, and property stocks. Wall Street closed mixed and little changed, with the Dow down 0.32 percent and the NASDAQ up 0.05 percent. For the week, the NASDAQ rose 1.5 percent, the S&P 500 increased by 0.6 percent, and the Dow fell by 0.1 percent. Crude oil prices declined after OPEC’s demand forecast raised concerns about a production surplus.

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