Chinese Stocks Stabilize After Longest Losing Streak Since 2015
- Shanghai Composite advances, ChiNext rebounds in Shenzhen
- PBOC money-market injections helping sentiment, analyst says
This article is for subscribers only.
Chinese stocks stabilized after a five-day losing streak for the benchmark Shanghai gauge as small-cap shares rebounded and the central bank added funds to the banking system.
The Shanghai Composite Index ended the day 0.2 percent stronger, halting the longest run of declines since August 2015. The ChiNext gauge of mostly small-cap technology companies rallied after plunging in the previous session. A broader measure of equities traded in Shenzhen rebounded from a seven-month low.