Asian Market Updates

China Bourse May Reclaim 2,900-Point Level

The China stock market moved lower again on Wednesday, one day after ending the three-day slide in which it had stumbled more than 80 points or 2.7 percent. The Shanghai Composite Index now rests just above the 2,875-point plateau although it figures to move back to the upside again on Thursday.

The global forecast for the Asian markets is cautiously ahead of key U.S. inflation data later this week, which will affect the outlook for interest rates. The European markets were mixed and the U.S. bourses were up and the Asian markets figure to split the difference.

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by RTTNews Staff Writer

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