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|
|Sector||Top 1||Led by||Top 2||Led by|
*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)
Disclosure: Interactive Brokers
Information posted on IBKR Traders’ Insight that is provided by third-parties and not by Interactive Brokers does NOT constitute a recommendation by Interactive Brokers that you should contract for the services of that third party. Third-party participants who contribute to IBKR Traders’ Insight are independent of Interactive Brokers and Interactive Brokers does not make any representations or warranties concerning the services offered, their past or future performance, or the accuracy of the information provided by the third party. Past performance is no guarantee of future results.
This material is from Guosen Securities Co., Ltd and is being posted with permission from Guosen Securities Co., Ltd. The views expressed in this material are solely those of the author and/or Guosen Securities Co., Ltd and IBKR is not endorsing or recommending any investment or trading discussed in the material. This material is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation to buy, sell or hold such security. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.