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Closing Bell (August 13)

By:

Sales Trader, International Business Division

MARKET

Stocks in China followed their U.S. counterparts lower Tuesday as turmoil in Hong Kong and Argentina, added to trade tensions and dented sentiment. The U.S. consumer price index, out Tuesday, probably picked up to a 1.7% annual pace in July, which increased the uncertainty on China-US trade war. Non-ferrous Metal and Healthcare sector gained, while Non-bank Financial and Construction Material sectors led the falls. Combined turnover for both markets is CNY 334.4 billion, down 5.9% dod.

Close % Change Vol (bn CNY) %YTD
Shanghai 2797.26 -0.63 153.96 12.16
Shenzhen 8902.63 -0.85 185.69 22.97
CSI 300 3665.75 -0.90 103.76 21.76
ChiNext 1524.36 -1.01 63.23 21.90
Sector Top 1 Led by Top 2 Led by
Upward-leading Non-ferrous Metal 002428 Healthcare 002481
Downward-leading Non-bank Financial 600599 Construction Material 002641

NEWS 

*The National Development and Reform Commission responded: the price of fruits and vegetables will fall, and the price level is expected to remain stable in the later period. (Wind)

*China’s 10-year bond yield fell to 3% for the first time since 2016. (Bloomberg)

FUND FLOW

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