Shanghai Composite falls 0.23% from 8-month high

Image
Capital Market
Last Updated : Aug 20 2014 | 2:10 PM IST
Mainland China share market closed down on Wednesday, 20 August 2014, amid profit booking after the benchmark index surged to eight-month high yesterday. The benchmark Shanghai Composite closed 5.12 points down at 2240.21 after raising to intraday peak of 2248.94. Turnover decreased to 139.63 billion yuan from yesterday's 155.44 billion yuan.

The Chinese market has risen about 13% from this year's low as monetary easing, accelerated government spending and gains in manufacturing spur speculation the nation will meet its 7.5% economic expansion target.

Powered by Capital Market - Live News

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 20 2014 | 1:06 PM IST

Next Story