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Foreign Markets - Detailed News

Global sell-off costs Chinese indices dear
09-Oct-26   10:40 Hrs IST
Equities in China experienced downward pressure on Thursday, mirroring a widespread market decline throughout Asia following a significant overnight drop on Wall Street. The Shanghai Composite declined 0.79% to 3,811.9, registering a greater than two-month trough. The Shenzhen Component decreased 2.07% to 12,620.9, marking a more than ten-month low.

The downturn was primarily fueled by escalating US Treasury yields and apprehensions regarding the interest rate trajectory. Records from the Federal Reserve’s September session indicated unanimous support, with all 19 policymakers endorsing the most recent rate adjustment, while a majority signaled further increases prior to year-end.

Attention is now focused on forthcoming Chinese economic data releases scheduled for next week, specifically inflation and trade statistics. Market participants will evaluate the effect of recently implemented stimulus initiatives, which encompass mortgage assistance, expanded central bank liquidity, and proposals for additional policy interventions.

Foxconn Industrial Internet registered a decline of 4.31%, while Zhongji Innolight decreased by 3.15%, China Life Insurance shed 2.07%, and CATL retreated 1.50% among the leading downward performers.

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