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China's STAR Composite Index closes higher Thursday

China

China

China

China's STAR Composite Index closes higher Thursday

2026-06-11 16:15 Last Updated At:06-12 12:41

The STAR Composite Index, which reflects the performance of stocks on China's sci-tech innovation board, closed 1 percent higher at 2,034.30 points on Thursday.

The STAR 50 Index, which tracks the 50 largest stocks listed on the board that also meet certain liquidity requirements, closed 0.62 percent higher at 1,662.44 points.

The sci-tech innovation board, commonly known as the STAR Market, was inaugurated in June 2019 at Shanghai Stock Exchange. It is designed to support companies in the high-tech and strategic emerging sectors.

China's STAR Composite Index closes higher Thursday

China's STAR Composite Index closes higher Thursday

New Zealand's ruling National-led coalition has secured a parliamentary majority in the general election, preliminary results showed early Sunday, putting Prime Minister Christopher Luxon on course to retain power for a second term.

The Election Commission's tally of all voting places has resulted in 11 "overhang" seats, increasing to 131 the total number of seats in parliament, which normally has 120.

Among the seats, the National Party, ACT New Zealand and New Zealand First collectively secured 67, giving the three-party coalition a narrow majority to continue governing, while the opposition bloc of the Labor Party, the Green Party and the Maori Party garnered 57 in total.

The contest between the National and the Labor, led by former prime minister Chris Hipkins, remained exceptionally close, with each securing over 29 percent, according to preliminary figures.

Addressing supporters in Auckland, Luxon said the election was "too close to call," with the final outcome hinging on special votes to be counted. He acknowledged that negotiations and compromise would be needed to form the next government.

The outcome could still change when 700,000 special votes are counted days later. These include ballots cast by overseas voters and people voting outside their electorates, and are not included in the preliminary results, according to the Electoral Commission, which is scheduled to release the final official results, including special votes, on Nov. 27.

The Green Party has won a record 16 seats in parliament. The centrist Opportunity Party has also made a parliamentary breakthrough, projected to win seven seats, preliminary results showed.

The country has nearly 3.8 million provisionally enrolled voters for the 2026 general election, representing 93.6 percent of the estimated eligible population, below the final enrolment rates of 94.7 percent in 2023 and 94.1 percent in 2020, the commission said.

New Zealand uses the mixed-member proportional voting system to elect its parliament. Under this system, voters cast two ballots, one for a political party and another for their local electorate candidate. The government is usually formed by two or more parliamentary political parties.

New Zealand's National-led coalition wins majority parliamentary seats: preliminary results

New Zealand's National-led coalition wins majority parliamentary seats: preliminary results

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