Stocks & Funds

Mainland China markets rise after Lunar New Year holidays

Mainland China markets rise after Lunar New Year holidays

After the Lunar New Year holidays, Mainland China markets rose. On Monday, the markets reopened, as Asia-Pacific shares were mixed, while investors continuously monitored the Ukraine situation. 

Stock market after the Lunar New Year

The Monday stock market saw the Shanghai composite soar 2.03% and close at 3,429.58. Furthermore, the Shenzhen component rose 0.965% to 13,456.65. 

However, Hong Kong’s Hang Seng index stooped to 0.2% at its final hour of trading. 

Around the globe, the S&P/ASX 200 in Australia declined to 0.13% to 7,110.80. However, Australia announced on Monday to reopen its borders for vaccinated travellers. 

The announcement led the Qantas Airways shares to soar 4.62%. 

Also, the broadest index of Asia-Pacific shares outside Japan MSCI’s shares fell to 0.16%. 

Crude Oil Futures

After a recent decline from above 95.9, the U.S. dollar index rose to 95.524. Last week the Japanese yen was below 114.4 against the greenbacks but traded at 115.25 per dollar. 

The Australian dollar also rose to $0.7092 since last week’s $0.714. 

However, oil prices took a hit in the Asia trading hours as international benchmark Brent crude futures slipped 0.08% to $93.20 per barrel. 

Simultaneously, the U.S. crude futures dipped 0.55% to $91.80 per barrel. 


White House national security advisor Jake Sullivan warned Sunday that there might be a Russian invasion. Investors are also monitoring the situation continuously around Ukraine.

Also Read – Global economic growth to drop 4.4% after slowdown in U.S. and China: report

Johannah is a passionate traveler. She is seeking remote places across India and exploring the benefits of being a Nomad. She has completed her bachelor's in Psychology Hons and diploma in Graphology. Being able to write helps her to share her experiences and be independent to travel anywhere.

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