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%.
|Open||Close||% Change||(bn yuan)|
|Sector||Top 1||Led by||Top 2||Led by|
|Downward-leading||Customer Services||603043||Household Appliance||002790|
*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.
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