India, Feb. 1 -- The China stock market has moved lower in four straight sessions, slumping nearly 140 points or 5.2 percent along the way. The Shanghai Composite Index now rests just above the 2,770-point plateau although it may stop the bleeding on Friday.
The global forecast for the Asian markets is positive, with many believing that the heavy selling earlier this week was overdone. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.
The SCI finished modestly lower on Thursday following losses from the financial shares, property stocks and resource and energy companies.
For the day, the index sank 17.81 points or 0.64 percent to finish at 2,770.74 after trading between 2,...