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GUOSEN Closing Bell (April 27)

By:

Sales Trader, International Business Division

MARKET

In the PM session, market kept fluctuate at high level and close to market end, it decreased slightly. Till market end, Banking and Medical led the gain. Comprehensive Finance and National Defense led the fall. In total, both markets traded 556.65 billion RMB, down 10.97%.

OpenClose% Change(bn yuan)
Shanghai2812.242815.490.25225.29
Shenzhen10449.1310452.170.28331.35
CSI 3003808.023822.770.68145.30
ChiNext2011.162018.670.74108.11
SectorTop 1Led byTop 2Led by
Upward-leadingBanking002958Medical688016
Downward-leadingComprehensive Finance300773National Defense300810

NEWS

*AutoX Joins Race to get Self Driving ‘Robotaxis’ on Chinese Road

According to a statement emailed to Caixin, AutoX is trialing its “robotaxi” service in the Chinese financial hub of Shanghai, allowing commuters to hail autonomous rides through Alibaba-backed navigation app Amap.

*Starbucks partners with Sequoia Capital

Starbucks on Monday announced a strategic partnership with the leading investment firm Sequoia Capital China to tap into China’s growing technological landscape, and to further digitalize its retail experiences and optimize operations.

*Hog futures approved for Dalian Exchange

*Tencent promotes medical AI to sustain anti-epidemic fight

Chinese tech giant Tencent has utilized its artificial intelligence (AI) technology in the medical sector to aid the fight against the COVID-19 outbreak. Data from the firm showed that so far it has owned more than 300 patents in the medical AI field, ranging from medical auxiliary diagnosis to medical record management and risk monitoring to medical imaging.

FUND FLOW

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