(RTTNews) – The China stock market has finished lower in back-to-back trading days, surrendering more than 60 points or 2 percent along the way. The Shanghai Composite Index now sits just beneath the 3,220-point plateau although it’s expected to find support on Monday.
The global forecast for the Asian markets is upbeat, with technology stocks expected to lead the markets higher amidst bargain hunting. The European markets were mixed and the U.S. bourses were sharply higher and the Asian markets figure to follow the latter lead.
The SCI finished slightly lower on Friday following losses from the property stocks, while the financials and insurance companies were mixed.
For the day, the index eased 3.76 points or 0.12 percent to finish at 3,219.42 after trading between 3,208.03 and 3,239.47. The Shenzhen Composite Index fell 5.03 points or 0.23 percent to end at 2,143.05.
Among the actives, Industrial and Commercial Bank of