India, Feb. 20 -- The China stock market has moved higher in five straight sessions, accelerating more than 220 points or 8 percent along the way. The Shanghai Composite Index now rests just above the 2,920-point plateau although it's overdue for profit taking on Wednesday.
The global forecast for the Asian markets is mixed to lower on continued profit taking and pessimism over the outlook for interest rates. The European markets were mixed and the U.S. bourses were down and the Asian markets figure to split the difference.
The SCI finished modestly higher on Tuesday following gains from the financial shares and property stocks.
For the day, the index added 12.19 points or 0.42 percent to finish at 2,922.73 after trading between 2,887.47...