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Closing Bell (June 19, 2020)

By:

Sales Trader, International Business Division

MARKET

In the PM session, both indexes continued the morning trend, increasing steadily. Till market closed, Retail and Food & Beverage led the gain. Steel and Coal led the fall. In total, both markets traded 778.85 billion RMB, up 2.67% dod.

OpenClose% Change(bn yuan)
Shanghai2938.792967.630.96319.09
Shenzhen11505.6911668.131.51459.76
CSI 3004047.054098.711.34255.55
ChiNext2271.652319.452.36163.31
SectorTop 1Led byTop 2Led by
Upward-leadingRetail600828Food & Beverage002461
Downward-leadingSteel000629Coal000552

NEWS

*Didi Shunfeng released an open letter saying that as of now, Shunfeng has been re-launched in 300 cities across the country and will resume cross-city services on June 23. Among them, some cities affected by the epidemic, such as Beijing, will not open cross-city services for the time being.

*It is reported that the Application Materials may build a joint venture factory in Shanghai Lingang District, which is still under discussion and has not yet been finalized. Applied Materials is the world’s largest manufacturer of semiconductor production equipment. Its products include oxidation equipment, etching equipment, ion implantation equipment, thin film deposition equipment, etc., which basically cover all aspects of integrated circuit production.

*China Steps on Accelerator for Hydrogen-Powered Cars

That’s the word from Beijing, where the Ministry of Housing and Urban-Rural Development has just rolled out its latest draft regulations governing the transport and storage of the hydrogen fuel that powers such cars. The latest document has added language that could pave the way for transport and storage of liquefied hydrogen that is cheaper than pressurized gas now most commonly used.

FUND FLOW

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