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Closing Bell May 27, 2020

By:

Sales Trader, International Business Division

MARKET

In the PM session, market continued fluctuate below Tuesday level. Till market end, Light Manufactory and Steel led the gain. Computer and Medical led the fall. In total, both markets traded 573.19 billion RMB, up 8.14% dod.

OpenClose% Change(bn yuan)
Shanghai2847.322836.8-0.34227.93
Shenzhen10823.2410682.7-1.23345.26
CSI 3003873.73845.61-0.7123.74
ChiNext2114.072071.47-1.96123.63
SectorTop 1Led byTop 2Led by
Upward-leadingLight Manufactory300729Steel603969
Downward-leadingComputer300377Medical300453

NEWS

*Hong Kong, Singapore Welcome Back Transit Travelers

The skies over the major Asian hubs of Hong Kong and Singapore are about to get just a little friendlier, at least if you’re an international traveller.

*China Making Headway on Its First Long-Haul Jetliner: Reports

China has reportedly crafted a general technical plan for the country’s first long-haul, wide-body jetliner, a key aircraft designer said Tuesday, as Beijing steps up its efforts to challenge the duopoly of Airbus and Boeing.

*China’s Oppo Steps Up Chip Ambition as U.S. Ban Hits Huawei

The U.S. crackdown on China’s Huawei Technologies is spurring its biggest domestic rival to build up its own chipmaking capabilities, including by snapping up top engineering talent from its own suppliers.

FUND FLOW

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