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Closing Bell (June 16, 2020)

By:

Sales Trader, International Business Division

MARKET

In the PM session, both indexes kept increasing. Till market closed, Steel and Communication led the gain. No Section led the fall. In total, both markets traded 712.42 billion RMB, down 6.2 % dod.

OpenClose% Change(bn yuan)
Shanghai2912.832931.751.44270.95
Shenzhen11312.8111398.971.85441.48
CSI 3003995.584014.571.51185.10
ChiNext2246.892260.461.84161.82
SectorTop 1Led byTop 2Led by
Upward-leadingSteel600282Communication688080
Downward-leading    

NEWS

*NetEase Teams Up With Warner Bros. on ‘Lord of the Rings’ Mobile Game

“Lord of the Rings” fans will have reasons to be cheerful. Chinese gaming stalwart NetEase has forged a partnership with Warner Bros Interactive Entertainment to co-develop a new mobile strategy game based on the popular trilogy of books by J.R.R. Tolkien, which were also adapted into a successful film series.

*Japan’s MUFG Bank Obtains Bond Settlement Agent License in China

Japan’s MUFG Bank has received a license from the People’s Bank of China to act as a settlement agent in the country’s interbank bond market, Nikkei has learned.

*Jaguar Land Rover Posts Surprise Sales Surge in China

Jaguar Land Rover said it’s seeing the beginnings of a demand rebound in China as the world’s second-largest economy opens up after months of inactivity amid the coronavirus outbreak.

FUND FLOW

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