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Chinese shares traded with steady increases

Chinese shares which are at the epicenter of the recent turmoil in global financial markets, traded with steady increases for most of the day on Thursday. The main Shanghai Composite Index and CSI300 finished trading with gains of respectively 5.40% and 5.95%, after last week lost more than 20%.

On Thursday wide index MSCI Asia Pacific rose 1.8%, while far from reached earlier in the week three-year low. The Japanese Nikkei ended up 1.1%, adding to growth with 3.2 percent the previous day.

European stocks followed Asian growth and also colored in green after declines Wednesday. At 19.00 hours on Thursday, the Frankfurt DAX index rose by 3.35 percent, the Paris CAC 40 grows by 3.49%, while London’s FTSE100 is up 3.56%. The growth of pan-European FTSE Eurofirst 300 is 3.68 percent.