Shanghai Comp to open down 0.7%

FXStreet (Bali) – Shanghai Comp is set to open down 0.7%, while the CSI300 index to open down 0.6%. In the US, appetite towards riskier assets has improved, which should see the downside in Chinese stocks cap. One critical factor to follow will be the offshore Yuan, which has continued to increase in value, last at 6.6090, as well as the HIBOR fix, following record highs earlier this week.

Shanghai Comp is set to open down 0.7%, while the CSI300 index to open down 0.6%. In the US, appetite towards riskier assets has improved, which should see the downside in Chinese stocks cap. One critical factor to follow will be the offshore Yuan, which has continued to increase in value, last at 6.6090, as well as the HIBOR fix, following record highs earlier this week.

(Market News Provided by FXstreet)