Chinese shares close higher Thursday

15:47, November 01, 2018

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  Chinese shares bounce back amid global sell-off

  China's major stock index closed higher Thursday, reversing sharp losses seen in the morning trading, with financial heavyweights leading the gains.File photo: VCGThe benchmark Shanghai Composite Index ended 0.02 percent higher at 2,603.8 points, after slumping 2.4 percent at the opening. The Shenzhen Component Index almost recovered lost ground, closing 0.21 percent lower at 7,529.41 points, following a 2.79-percent plunge

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  Global markets extend rally

  No tricks, all treats today as the global stocks rally rolls on (Photo: AFP)World stock markets rallied Wednesday with no "Halloween horrors" as investors were boosted by runaway US consumer confidence and upbeat corporate earnings, dealers said.London closed the day 1.3 percent higher, Frankfurt won 1.4 percent and Paris surged 2.3 percent, with shares in French cosmetics giant L'Oreal soaring

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  Chinese yuan weakens to 6.967 against USD Thursday

  BEIJING, Nov. 1 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, weakened 24 basis points to 6.9670 against the U.S. dollar Thursday, according to the China Foreign Exchange Trade System.In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.The