SZSE Composite Index Today: Shenzhen Stocks Retreat at Open | Index Down 8.56 Points
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Shenzhen, April 15 (IST):
The SZSE Composite Index began the trading day on a bearish note, opening at 1,904.31 and slipping to 1,894.93 as of 9:39 AM (GMT+8), marking a decline of 8.56 points or 0.45 percent.
This performance mirrors cautious trading in the Chinese equity markets following a mixed overnight session globally. Early indicators show lack of strong buying momentum, with market participants hesitant ahead of key economic data.
SZSE Opening Snapshot
- Open: 1,904.31
- Current: 1,894.93
- High: 1,906.87
- Low: 1,892.65
- Previous Close: 1,903.49
The index remains within a narrow trading range in the early session, reflecting broader macro uncertainty.
Regional Market Comparison
- SSE Composite Index: 3,258.97 (down 0.12 percent)
- Hang Seng Index: 21,495.76 (up 0.37 percent)
- Nikkei 225: 34,344.92 (up 1.07 percent)
Compared to other Asian peers, Shenzhen and Shanghai are underperforming, weighed down by muted industrial and tech sector activity.
Sectoral Performance
- Technology Stocks: Showing early declines after a mixed lead from U.S. markets.
- Healthcare & Biotech: Slightly positive, but low volumes.
- Real Estate: Flat to weak amid regulatory uncertainties.
Technical Outlook
- Resistance Zone: 1,910 – 1,925
- Support Levels: 1,890 – 1,875
- Short-Term Bias: Bearish
- Momentum: Weak, with RSI hovering in neutral zone
Key Factors to Monitor
- Upcoming macro data from China (Q1 GDP figures, retail sales)
- US market direction and bond yields
- PBoC policy actions and liquidity signals
The SZSE Composite Index is under pressure in early Tuesday trade, echoing a risk-averse stance among investors. The tone is likely to remain muted unless external cues strengthen or domestic policy provides a surprise boost.
Traders should remain cautious in the short term and watch support at 1,890 closely. A decisive break below this may open the door for further declines.
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