Shanghai Stock Market Price Rise for Fourth Consecutive Day Repurchase Movement February 7 18:45
On the 7th, the Shanghai Shanghai stock market repurchased falling stocks, and the closing price of the representative index “Comprehensive Index” rose by about 0.3% from the previous day, rising for the fourth consecutive day. .
The stock market in Shanghai has been postponed due to the spread of the new coronavirus, which has been postponed to resume trading during the Chinese New Year holidays. Selling orders have spread on March 3, the first day of the resumption, and the “Comprehensive Index” last month before the consecutive holidays For the time being, it was down about 8.7% from the close on 23rd. In the end, the closing price fell about 7.7% compared to before the consecutive holidays, and it has been the lowest price for about one year since last February.
However, the move to buy back shares that had fallen on the following day since the 4th of this month continued, and the closing price of the “Comprehensive Index” on the 7th increased by about 0.3% compared to the previous day, rising for 4 consecutive days.
Market officials said, "Some investors have bought stocks in hopes that the Chinese government will launch a variety of policies so that the spread of the new coronavirus will not have a significant effect on the economy. We will continue to carefully monitor the effects of the spread of infection and the development of trade friction between the United States and China. "