Shanghai races ahead as Beijing holds rates steady

clock

The Shanghai Composite surged 2.9%, its biggest advance since mid-October, as China held interest rates steady despite rising inflation.

The Nikkei 225 rose 0.8% to 10,293.89 and the Hang Seng climbed 0.7% to 23,317.61. Silver, copper, nickel and tin had all gained ground ahead of Beijing's announcement. In London, miners lifted the FTSE by 0.5%, or 29 points to 5,842.03 in early trading. Kazakhmys was 2.4% higher at £15.6; Eurasian Natural Resources was up 2.5% at 989.5p; Xstrata climbed 2.1% to £14.71; and Anglo America was up 1.9% at £30.85. Among the fallers were ARM Holdings, off 1% at 392p, while Shire fell 0.2% to £14.78. Wellstream jumped 5.2% to 785.5p on reports General Electric is poised to seal a £...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Chancellor Khalaf has a plan to make our economy boom

Chancellor Khalaf has a plan to make our economy boom

'So, Sir Keir, if you're reading, I do genuinely hope Rachel is doing okay. And my number's still the same. So, you know, call me'

Laith Khalaf
clock 25 July 2025 • 5 min read
UK capital markets need to close gap between 'perception and reality' - Poppy Gustafsson

UK capital markets need to close gap between 'perception and reality' - Poppy Gustafsson

Speaking at IA annual conference

Sorin Dojan
clock 26 June 2025 • 2 min read
Trust in ONS data 'very low' as financial services shifts to alternative sources

Trust in ONS data 'very low' as financial services shifts to alternative sources

Follows latest inflation blunder

Sorin Dojan
clock 24 June 2025 • 4 min read