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Closing Bell (Nov 8)

By:

Sales Trader, International Business Division

MARKET

In the afternoon session, both indices changed direction, decreased steadily. Till market closed, Automobile and Food & Beverage lead the gain. Agriculture and Banking lead falls. In total, both markets traded 449.42 billion RMB, up 12.66% dod.

Open Close % Change (bn yuan)
Shanghai 2993.98 2964.18 -0.49 173.87
Shenzhen 9985.20 9895.34 -0.22 275.55
CSI 300 4017.67 3973.01 -0.47 139.03
ChiNext 1724.40 1711.22 -0.25 97.10
Sector Top 1 Led by Top 2 Led by
Upward-leading Automobile 600327 Food & Beverage 603156
Downward-leading Agriculture 002100 Banking 601128

NEWS

*Vivo Chooses Samsung Chips for New 5G Phones

Chinese smartphone-maker Vivo has selected Samsung’s new Exynos 980 5G mobile processor to power its new X30 smartphones scheduled to hit the market in December, a move that hints that the company may be decoupling from U.S.-based chipmaker Qualcomm. (Caixin)

*Didi Apologizes, Modifies ‘Sexist’ Hitch Relaunch Plan

Chinese ride-hailing giant Didi Chuxing apologized and made changes to a relaunch plan for its controversial Hitch carpooling service after being accused of sexism for setting different operating hours for women and men. (Caixin)

*Company snapshot available on STAR Market’s English website

The Shanghai Stock Exchange (SSE) has opened a column for company snapshots on the SSE STAR Market’s English website, in a bid to help international investors to understand the companies on the market and further propel foreign funds to involve in the market.(Xinhua)

*GE seeks business opportunities at China import expo

American multinational conglomerate General Electric (GE) is showcasing its newest technologies and solutions at a major import expo in Shanghai to cash in on the Chinese market. (Xinhua)

FUND FLOW

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