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GUOSEN Closing Bell (May 13)

By:

Sales Trader, International Business Division

MARKET

In the PM session, market continued the upward trend. Till market end, Food & Beverage and Medical led the gain. Household Appliance and Automobile led the fall. In total, both markets traded 581.43 billion RMB, down 2.99%.

OpenClose% Change(bn yuan)
Shanghai2882.962898.050.22223.87
Shenzhen10978.3111074.590.54357.57
CSI 3003946.643968.250.2145.56
ChiNext2120.012140.680.78117.12
SectorTop 1Led byTop 2Led by
Upward-leadingFood & Beverage603696Medical688389
Downward-leadingHousehold Appliance603579Automobile600081

NEWS

*Apple Urges Ambitious Chinese Supplier to Challenge Foxconn

Apple Inc. has advised one of its Chinese AirPods assemblers to make a major investment in an iPhone and MacBook metal casing provider, a move the California tech titan hopes will create a formidable alternative to another of its longtime suppliers, Taiwan’s Foxconn, multiple sources told the Nikkei Asian Review.

*Chinese Cybersecurity Firm Seeks to Raise $634 Million in STAR Market IPO

About seven months after it raised 1.5 billion yuan ($210 million), Chinese cybersecurity major Qi An Xin Group has filed a prospectus with the Nasdaq-style STAR Market on Monday to move towards an initial public offering for 4.5 billion yuan.

*China Steps Up U.S. Soybean Buying With Million-Ton Purchase

China is stepping up purchases of soybeans from the U.S. as Brazilian sales start to wane and the Asian nation seeks to meet its pledges under the trade deal with Washington, according to people familiar with the matter.

FUND FLOW

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