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Closing Bell (June 11, 2020)


Sales Trader, International Business Division


In the PM session, both indexes changed direction and moved downward. Till market closed, Automobile and Power Generating led the gain. Agriculture and Food & Beverage led the fall. In total, both markets traded 720.97 billion RMB, up 17.21% dod.

OpenClose% Change(bn yuan)
CSI 3004031.743995.88-1.08197.08
SectorTop 1Led byTop 2Led by
Upward-leadingAutomobile601777Power Generating002576
Downward-leadingAgriculture002604Food & Beverage002650


*Solar Panel Maker Trina Shines Brightly on Shanghai’s STAR Market Debut

Trina Solar Co. Ltd., a solar-panel maker, closed up 111% at its first trading day on the Nasqaq-like STAR market of the Shanghai Stock Exchange on Wednesday. It raised more than 2.3 billion yuan ($325 million) in the IPO.

*EU Privacy Watchdog Sets Its Sights on TikTok

Newly appointed TikTok CEO Kevin Mayer could face heat over privacy issues in Europe after the EU set up a task force to look at the short form video app.

*U.S. Lawmakers Propose $25 Billion to Help Chip Industry

U.S. lawmakers proposed an estimated $25 billion in funding and tax credits to strengthen domestic semiconductor production and counter rising technological competition from China.

*Matrix Partners China Closes New Venture Capital Fund at $750 Million

Matrix Partners China, a venture capital (VC) firm that has backed major Chinese tech firms at their early stages, has raised $750 million for its flagship venture investment vehicle, according to its latest filing with the U.S. Securities and Exchange Commission (SEC).


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