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Asset Management – How To

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A Global Asset Management Magazine

(RTTNews) - The China stock market has climbed higher in four straight sessions, collecting almost 130 points or 3.7 percent along the way. The Shanghai Composite Index now sits just above the 3,330-point plateau and it's tipped to open in the green again on Thursday. The global forecast for the Asian markets is slightly positive, with stocks expected to remain rangebound and inch higher following Wednesday's losses. The European markets were down and the U.S. markets were up and the Asian bourses figure to follow the latter lead. The SCI finished modestly higher on Wednesday as gains from the oil companies were capped by weakness from the financials and properties. For the day, the index gathered 12.27 points or 0.37 percent to finish at 3,333.16 after trading between 3,311.79 and 3,381.98. The Shenzhen Composite Index gained 18.73 points or 0.84 percent to end at 2,251.43. Among the actives, Industrial and Commercial Bank of China fell 0.20 percent, while China Construction Bank shed 0.47 percent, China Merchants Bank skidded 1.09 percent, China Life Insurance tumbled 1.63 percent, Ping An Insurance dropped 1.03 percent, PetroChina soared 3.13 percent, China Petroleum and Chemical (Sinopec) climbed 1.49 percent, Baoshan Iron lost 0.39 percent, Gemdale