Call for Increased Listings in China's Stock Exchange Market

In a positive turn of events, global markets saw a surge on Thursday, with the Shenzhen Composite Index leading the charge. The index rallied to 2,431.32, marking a significant increase of 1.55 percent. This came after the China stock market ended a two-day losing streak.

The Dow, NASDAQ, and S&P 500 also ended higher on Wall Street, with the S&P 500 rising 0.32 percent, the Dow gaining 0.16 percent, and the NASDAQ climbing 0.53 percent.

Meanwhile, the U.S. economy grew more than estimated in the second quarter of 2025, although the exact growth rate has not been specified in the Commerce Department's update.

In the Chinese market, the Shanghai Composite Index (SCI) finished at 3,843.60 after trading between 3,761.42 and 3,845.09, representing a jump of 1.14 percent.

The West Texas Intermediate crude price movement on Thursday was in response to a drop in U.S. crude inventories a day earlier. West Texas Intermediate crude for October delivery increased by $0.42 or 0.65 percent, reaching $64.57 per barrel.

The U.S. Labour Department's report on first-time claims for U.S. unemployment benefits last week is yet to be released, although the preliminary data shows a modest decrease.

The Commerce Department's report on the U.S. economy's growth in the second quarter of 2025 is also yet to be released, but investors are looking ahead to the release of the report on personal income and spending in July. This report includes the Federal Reserve's preferred readings on consumer price inflation.

In other news, Nvidia (NVDA) reported second-quarter results that largely exceeded expectations, but data center sales came in below estimates.

Among the actives on Thursday were Industrial and Commercial Bank of China, Bank of Communications, Bank of China, Agricultural Bank of China, China Merchants Bank, China Life Insurance, Jiangxi Copper, Aluminum Corp of China (Chalco), Yankuang Energy, PetroChina, China Petroleum and Chemical (Sinopec), Huaneng Power, China Shenhua Energy, Gemdale, Poly Developments, China Vanke, and many more.

The Commerce Department's report on U.S. personal income and spending in July, and the Labor Department's report on first-time claims for U.S. unemployment benefits last week, are both scheduled for release later today.