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Shares rally 3.1% to snap 3-day losing stretch

Update Date:2018-07-06 12:13:07     Source:www.3737580.com     Views:308

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SHANGHAI shares rebounded yesterday, snapping a three-day losing streak and paring the biggest monthly drop since 2008, as liquidity improved after the central bank pumped more cash into the financial system.

  

The Shanghai Composite Index rose 3.1 percent to end at 2,737.6 points on the last trading day of January. The gauge, however, slumped 22.7 percent for the month, the steepest fall since October 2008.

Investors have been spooked by share sales of major shareholders, an economic slowdown and yuan volatility while a short-lived circuit breaker mechanism amplified panic selling.

 

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