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Closing Bell (September 10)

By:

Sales Trader, International Business Division

The Shanghai Composite Index fell for the second day, dropping 0.6 percent, or 19.81 to 3,234.82 in Shanghai. The index dropped to the lowest closing level since July 28. Industrial & Commercial Bank of China Ltd. contributed the most to the index decline, decreasing 0.6 percent. Wintime Energy Co. had the largest drop, falling 10.2 percent. Today, 1,257 of 1,497 shares fell, while 228 rose; 4 of 5 sectors were lower, led by industrial stocks.

MARKET

OpenClose% Change(bn yuan)
Shanghai3282.233234.82-0.61309.68
Shenzhen13001.3812742.85-0.92563.51
CSI 3004632.14581.98-0.06226.15
ChiNext2551.32483.03-1.6302.22

NEWS

TSMC’s August sales is 122.88 billion Taiwan dollars, a YOY increase of 15.8%. From January to August, cumulative sales is 850.14 billion Taiwan dollars, a YOY increase of 30.7%.

Baidu Apollo announced that it will officially open its self-driving taxi service in Beijing, with a total of 40 Robo-taxis launched. Beijing users can book an experience on the Baidu map and Apollo official website.

China Association of Automobile Manufactures: China produced 2.119 million vehicles in August, an increase of 6.3% year-on-year; August sales of new energy vehicles were 0.106 million vehicles, a year-on-year increase of 17.7%; August sales of passenger vehicles increased 6% year-on-year to 1.755 million.

SHSC FUND FLOW

Northbound funds entered the market late in the market to sweep the goods, with a small net purchase of 0.999 billion yuan throughout the day, of which Shenzhen Stock Connect bought 1.954 billion yuan.

 TotalSHSC-N (SH)SHSC-N(SZ)
Most Recent9.99-9.5519.54
This Week-18.74-24.345.60
This Month-161.10-124.36-36.74
This Year1,104.05236.08867.97
3M156.39-66.07222.47
6M691.2875.59615.69
Since Opening11,038.825,569.195,469.63
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