The China stock market on Wednesday snapped the four-day winning streak in which it had soared almost 90 points or 3 percent. The Shanghai Composite Index now rests just beneath the 3,040-point plateau although it may bounce higher again on Thursday.
The global forecast for the Asian markets suggests mild upside on optimism over the outlook for interest rates. The European and U.S. markets were up and the Asian bourses are expected to follow suit.
Closer to home, China will release February figures for imports, exports and trade balance later this morning. Imports are expected to rise 2.0 percent on year after adding 0.2 percent in January. Exports are called higher by an annual 2.5 percent, up from 2.3 percent in the previous month. The trade surplus is pegged at $110.30 billion, up from $75.34 billion a month earlier.
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