BEIJING (dpa-AFX) - The China stock market has ticked higher in back-to-back sessions, collecting more than 10 points or 0.2 percent in that span. The Shanghai Composite Index now sits just above the 3,900-point plateau and it's expected to open to the upside again on Monday.
The global forecast for the Asian markets is positive on an improved outlook for interest rates. The European and U.S. markets were up and the Asian bourses are expected to follow that lead.
The SCI finished barely higher on Friday as gains from the financials and energy producers were offset by weakness among the technology and automobile companies.
For the day, the index perked 1.48 points or 0.04 percent to finish at 3,905.20 after trading between 3,883.79 and 3,912.13. The Shenzhen Composite Index added 12.35 points or 0.49 percent to end at 2,539.50.
The lead from Wall Street is firm as the major averages opened higher on Friday and remained solidly in the green throughout the trading day, slightly off session highs.
The Dow rallied 517.80 points or 0.98 percent to finish at 53,277.01, while the NASDAQ climbed 113.29 points or 0.43 percent to end at 26,180.46 and the S&P 500 rose 33.21 points or 0.43 percent to close at 7,674.37.
For the week, the NASDAQ plunged 2.1 percent, the S&P 500 tumbled 1.4 percent and the Dow slumped 0.9 percent.
The strength on Wall Street reflected bargain hunting after the major averages moved sharply lower on Thursday amid an extended surge in crude oil prices and a rebound in bond yields.
Crude oil prices edged higher on Friday as the Strait of Hormuz remains closed, heightening supply concerns. West Texas Intermediate crude for October delivery was up $0.44 or 0.51 percent at $87.27 per barrel.
Copyright(c) 2026 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
© 2026 AFX News
