Despite caution from investors, China’s stocks remained steady on Friday. The Shanghai Composite Index saw a slight increase to close the week at 3,032.63, while the Shenzhen Component Index rose by 0.5% to 9,252.25.
Investors are closely monitoring upcoming economic data releases next week from the National Bureau of Statistics of China. This data includes retail sales, industrial production, fixed-asset investment, home prices, lending rates, and aggregate financing. These insights will provide a glimpse into the health of the Chinese economy and impact investor sentiment.
In corporate news, Guangzhou Frontop Digital Creative Technology 3301313 saw a 7.5% increase in its stock price after announcing its plans to acquire Guangzhou Zhonggong Water Information Technology for 79 million yuan through its subsidiary, China Engineering Water Group.
Overall, the Chinese stock market is showing stability as investors closely monitor upcoming economic data releases to gauge the future direction of the market.
