China’s markets notched a narrowly mixed session Wednesday, ahead of the Federal Reserve rate announcement that hung up U.S. and most global markets.
That left the Shanghai composite with a 2% gain for the week and a 6.8% rise this month, enough to give the benchmark its first close above its 10-week moving average since December. The Shanghai composite has traded tightly for the past three weeks after breaking back above its 10-week line in early March. It is up 0.2% for the week, with a 6% gain so far this month.