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Closing Bell (Oct.11)


Sales Trader, International Business Division


Stocks rallied on Friday amid growing hopes that the U.S. and China can negotiate a trade truce as high-level talks progress into a second day. Investors have turned cautiously optimistic after trade headlines roiled markets this week, with both China and the U.S. having signalled progress in securing a partial deal for a temporary truce. Elsewhere, crude extended gains after a reported explosion on an Iranian tanker. Bank and Oil sectors were the best performers, while Power Equip. and Agriculture sectors led the falls. Combined turnover for both markets is CNY 453.3 billion, up 8.65 % dod.

Close % Change Vol (bn CNY) %YTD
Shanghai 2973.66 0.88 182.75 19.24
Shenzhen 9666.58 0.30 273.79 33.52
CSI 300 3911.73 0.96 139.82 29.93
ChiNext 1666.83 -0.01 99.08 33.29
Sector Top 1 Led by Top 2 Led by
Upward-leading Bank 600000 Oil 600387
Downward-leading Power Equip. 002487 Agriculture 002567


*Explosion on an Iranian tanker. Iran said missiles that struck the tanker probably came from Saudi Arabia.

*Sunac to Buy Li Ka-Shing Development in Dalian For More Than $560 Million. CK Asset Holdings, the property developer founded by Hong Kong billionaire Li Ka-shing, is selling a real-estate project in the northeastern Chinese city of Dalian to Sunac China Holdings, Caixin has learned. (Caixin)

*U.S.-Listed Chinese KOL Company Falls 9% After Flood of Class Lawsuits. A U.S.-listed Chinese company touting itself as a facilitator for key opinion leaders (KOLs) in China saw its shares drop by 9% Thursday after being flooded with lawsuits alleging it misled investors with inaccurate statements in its IPO filing. (Caixin)


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