2020-05-27 12:15:00
CHINA STOCKS DOWN AGAIN
REUTERS - MAY 27, 2020 - China stocks fell on Wednesday as rising Sino-U.S. tensions and lingering worries over the coronavirus damage on the economy curbed risk appetite.
The blue-chip CSI300 index fell 0.7% to 3,845.61, while the Shanghai Composite Index dropped 0.3% to 2,836.80 points.
U.S. President Donald Trump said on Tuesday that he was preparing a strong response to China’s planned national security laws for Hong Kong, adding it would be announced before the end of the week.
Investors are also closely monitoring the pace of China’s economic recovery from the coronavirus crisis. Profits at the country’s industrial firms fell at a slower pace in April, but the economy faces persistent pressure as activity and demand remain weak.
"Risks of a second COVID-19 wave and further geopolitical tensions cannot be ruled out, but these have yet to morph into material impact at this point," said Jingyi Pan, a Singapore-based market strategist at financial services firm IG.
Frank Benzimra, head of Asia equity strategy at Societe Generale, said he expects more fiscal and monetary efforts by Beijing to fight unemployment, which could benefit Chinese sectors including infrastructure.
China's consumer staples sector fell 1.15% and the healthcare sub-index dropped 1.96%, while the real estate index rose 0.19% ** The smaller Shenzhen index ended down 0.85% and the start-up board ChiNext Composite index fell 1.964%.
The largest percentage gainers in the main Shanghai Composite index were Sichuan Hongda Co Ltd, up 10.19%, followed by Silvery Dragon Prestressed Materials Co Ltd Tianjin , which rose 10.14% and Shangying Global Co Ltd , up 10.08%. ** The largest percentage losers in the Shanghai index were Kingfa Sci&Tech Co Ltd, down 10.01%, followed by Sinovel Wind Group Co Ltd, dropped 8.7%, and Zhejiang Jiuzhou Pharmaceutical Co Ltd, down by 7.31%.
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Earlier:
2020, May, 18, 09:05:00
CHINA SHARES UP
the Shanghai Composite index was up 0.61% at 2,885.83 points
2020, May, 18, 08:45:00
CHINA, EUROPE ACQUISITIONS
“We have to see that Chinese companies, partly with the support of state funds, are increasingly trying to buy up European companies that are cheap to acquire or that got into economic difficulties due to the coronavirus crisis,”
2020, May, 15, 11:40:00
CHINA STOCKS DOWN ANEW
the Shanghai Composite index was down 0.1% at 2,868.46
2020, May, 14, 16:05:00
CHINA STOCKS DOWN
The Shanghai Composite index ended 0.96% lower at 2,870.34.
2020, May, 13, 12:50:00
CHINA'S ENERGY WILL DOUBLE
China generates more electricity than Europe and the USA combined and China will double again in twenty years.
