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GUOSEN Closing Bell (May 15)

By:

Sales Trader, International Business Division

MARKET

In the PM session, market continued fluctuate around yesterday’s closing level. Till market end, Electric and Non-ferrous Metal led the gain. Customer Service and Household Appliance led the fall. In total, both markets traded 626.94 billion RMB, up 4.30%.

OpenClose% Change(bn yuan)
Shanghai2880.712868.46-0.07246.88
Shenzhen11013.1610964.890.03380.06
CSI 3003941.133912.82-0.32153.30
ChiNext2128.882124.310.31129.84
SectorTop 1Led byTop 2Led by
Upward-leadingElectric002141Non-Ferrous Metal002824
Downward-leadingCustomer Services603043Household Appliance002790

NEWS

*Tesla to Partner With China’s CATL for Low-Cost ‘Million-Mile Battery’: Reuters

Tesla will reportedly launch a low-cost, long-life battery for its Shanghai-built Model 3 sedan in a move that could help the U.S. automaker further reduce the car’s price in the country.

*Faster Internet Coming to Africa With Facebook’s $1 Billion Cable

Facebook Inc. and some of the world’s largest telecom carriers including China Mobile Ltd. are joining forces to build a giant sub-sea cable to help bring more reliable and faster internet across Africa.

*China Unveils Financial Support to Tie Hong Kong, Macao Closer

China’s financial regulators unveiled a sweeping plan to facilitate cross-border transactions and investments between Hong Kong, Macao and several other cities in southern China as part of the government’s ambition to transform the coastal region into a high-tech megalopolis to rival California’s Silicon Valley.

FUND FLOW

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