The Shanghai Composite Index went up 7 points or 0.2% to finish at 3,614 on Friday, reversing from a slight fall in the early session, after reports that the PBoC today injected a total of CNY 100 billion of reverse repos to maintain liquidity in the banking system, the most since February. For the week, however, the index sank 2.4%, dragged down by Beijing's regulatory crackdown after a series of overhaul on industries and sporadic COVID-19 cases in China. In Hong Kong, shares added 1% after plunging to a near 11-month low Thursday. For the week, however, the Hang Seng index tumbled 4.9%, as traders were nervous following reports that Macau began an overhaul of the rules governing 'Asia's Las Vegas'. The SSE will be closed on September 20th and 21st for the Mid-Autumn Festival.
Historically, the China Shanghai Composite Stock Market Index reached an all time high of 6124.04 in October of 2007. China Shanghai Composite Stock Market Index - data, forecasts, historical chart - was last updated on September of 2021.
The China Shanghai Composite Stock Market Index is expected to trade at 3612.40 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 3351.28 in 12 months time.