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Closing Bell (June 2, 2020)

By:

Sales Trader, International Business Division

MARKET

In the PM session, market continued to fluctuate around Monday Level. Till market closed, Electronic and Real Estate led the gain. Customer Service and Food & Beverage led the fall. In total, both markets traded 772.11 billion RMB, up 1.38% dod.

OpenClose% Change(bn yuan)
Shanghai2916.322921.40.2294.40
Shenzhen11133.6211112.50.09477.71
CSI 3003969.953983.570.31195.56
ChiNext2164.992145.29-0.6152.47
SectorTop 1Led byTop 2Led by
Upward-leadingElectronic000701Real Estate000616
Downward-leadingCustomer Service002707Food & Beverage002568

NEWS

*Oil Tankers Queuing Off Chinese Coast Proof of Rapid Rebound

Two dozen or more crude-laden tankers are waiting to discharge at terminals on China’s east coast that supply state-owned and independent refiners in the region, according shipbrokers and vessel-tracking data. Asia’s largest economy is leading a recovery in oil consumption, with demand in May almost back to levels seen before the coronavirus triggered stay-at-home orders.

*60 Measures in Hainan’s Planned Free Trade Port Policy

China on Monday released a plan for building the southern island province of Hainan into a high-level free trade port by 2050. The following are 60 key measures of the plan posted on an official social media account. A free trade port policy system is set to be “basically established” in Hainan by 2025 and grow “more mature” by 2035, according to the plan.

*Asia Stocks Advance After Trump Demands Crackdown on U.S. Protests

Asian stocks advanced and equity futures traded mixed Tuesday as investors looked past prospects for the deployment of the U.S. military to quell social unrest as U.S. president Donald Trump demanded a crackdown.

FUND FLOW

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