In the PM session, market dropped below the Friday level. Till market end, Construction Material and Household Appliance led the gain. Agriculture and Customer Services led the fall. In total, both markets traded 684.73 billion RMB, down 0.4%.
|Open||Close||% Change||(bn yuan)|
|Sector||Top 1||Led by||Top 2||Led by|
|Upward-leading||Construction Material||000546||Household Appliance||300342|
*Huawei Partners With Carmakers to Build 5G-Enabled Automobile Ecosystem
Chinese tech giant Huawei has established an alliance with a handful of automakers and ride-hailing service providers to build a 5G-enabled automobile ecosystem in a move to accelerate the uptake of 5G technology in smart cars, according to a company statement.
*Oil Stockpiles Have Stopped Growing in the World’s Biggest Buyer
Crude inventories in China have shrunk in recent weeks after rising to record levels, according to analysts and satellite observations. Supplies have been drawn out of storage as refineries ramp up operations to meet rising demand from an economy emerging from lockdown.
*China’s Dajia Wins Fast-Track Trial for Suit Over Failed U.S. Hotel Deal
China’s Dajia Insurance Group convinced a Delaware judge to fast-track an August trial for its claim that Mirae Asset Global Investments Co. of South Korea used faulty legal pretexts to cancel a $5.8 billion purchase of 15 U.S. luxury hotels.
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