Chinese Shares gained slightly on Friday, adding 11.28 points or 0.33% to 3381.01 as investors proved optimistic as profits at China’s industrial firms grew 28.2% year-on-year in October to 642.91 billion Yuan, the most since early 2017. In Hong Kong, the Hang Seng Index traded flat at 9-month highs of 26816.77 and gaining 1.46% for the week as traders assessed the sustainability of the recent rally. Meantime, Hong Kong confirmed 81 new coronavirus cases on Thursday, as a surge in infections continued a day after the city’s leader set a “zero infection” target in her annual policy address.
Historically, the China Shanghai Composite Stock Market Index reached an all time high of 6124.04 in October of 2007. China Shanghai Composite Stock Market Index - data, forecasts, historical chart - was last updated on November of 2020.
The China Shanghai Composite Stock Market Index is expected to trade at 3294.67 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 3002.41 in 12 months time.