Friday, 15 May 2015

Asian Market Update

The CSI300 index fell 1.5 percent, to 4,630.94 points at the end of the morning session, on track to close the week up around 1.6 percent. The Shanghai Composite Index lost 1.4 percent, to 4,315.22 points, bringing this week's gain so far to 2.6 percent. Xiao Gang, chairman of the China Securities Regulatory Commission (CSRC) told a conference on Friday that the watchdog's recent move to accelerate IPO approvals won't have a big impact on the market, because "there are relatively big inflows of cash" into equities.

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