Shanghai stocks surge 5.34% by the close on US rally
Shanghai stocks
Shanghai - Arab Today
Shanghai stocks closed up 5.34 percent on Thursday, cheered by a rally in US stocks and a domestic interest rate cut this week aimed at boosting the world's second-largest economy, dealers said.
China's benchmark Shanghai Composite Index surged 156.30 points to 3,083.59 on turnover of 404.3 billion yuan ($63.1 billion). It briefly dipped into negative territory, falling 0.71 percent, but finished near the day's high after a late surge.
The Shenzhen Composite Index, which tracks stocks on China's second exchange, jumped 3.33 percent, or 56.45 points, to 1,752.21 on turnover of 361.0 billion yuan.
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Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
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