Latest news with #ShenzhenComponentIndex
BusinessToday
16 hours ago
- Business
- BusinessToday
Shares In Chinese Markets Close Higher
Chinese stocks closed higher on Monday, with the benchmark Shanghai Composite Index up 0.72 percent to 3,559.79 points. The Shenzhen Component Index closed 0.86 percent higher at 11,007.49 points. The combined turnover of these two indices stood at 1.7 trillion yuan (about 237.7 billion U.S. dollars), up from 1.57 trillion yuan the previous trading day. Stocks related to cement and building materials led the gains, while stocks related to cross-border payment and the banking sector suffered major losses. The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, gained 0.87 percent to close at 2,296.88 points. Related
RTHK
a day ago
- Business
- RTHK
Hong Kong's Hang Seng Index opens 0.67 pc higher
Hong Kong's Hang Seng Index opens 0.67 pc higher Local and mainland Chinese stocks post gains at the open on Monday. File photo: RTHK The Hang Seng Index gained 165 points, or 0.67 percent, to open at 24,991 points on Monday. Mainland stocks opened higher, with the benchmark Shanghai Composite Index up 0.24 percent to open at 3,542 points, and the Shenzhen Component Index up 0.22 percent at 10,937 points. Meanwhile, China has kept benchmark lending rates unchanged on Monday, as forecast, after it reported slightly better-than-expected second-quarter economic data. The one-year loan prime rate (LPR) was kept at 3 percent, while the five-year LPR was unchanged at 3.5 percent. Most new and outstanding loans in China are based on the one-year LPR, while the five-year rate influences the pricing of mortgages. China's economy slowed less than expected in the second quarter in a show of resilience against US tariffs. (Agencies)
RTHK
a day ago
- Business
- RTHK
Hong Kong's Hang Seng Index opens 0.67 pc higher
Hong Kong's Hang Seng Index opens 0.67 pc higher Local and mainland Chinese stocks post gains at the open on Monday. File photo: RTHK The Hang Seng Index gained 165 points, or 0.67 percent, to open at 24,991 points on Monday. Mainland stocks opened higher, with the benchmark Shanghai Composite Index up 0.24 percent to open at 3,542 points, and the Shenzhen Component Index up 0.22 percent at 10,937 points. Meanwhile, China has kept benchmark lending rates unchanged on Monday, as forecast, after it reported slightly better-than-expected second-quarter economic data. The one-year loan prime rate (LPR) was kept at 3 percent, while the five-year LPR was unchanged at 3.5 percent. Most new and outstanding loans in China are based on the one-year LPR, while the five-year rate influences the pricing of mortgages. China's economy slowed less than expected in the second quarter in a show of resilience against US tariffs. (Agencies)
RTHK
4 days ago
- Business
- RTHK
Hang Seng Index takes market cue to open stronger
Hang Seng Index takes market cue to open stronger The Hang Seng Index gained 258 points, or 1.06 percent, to open at 24,757. File photo: RTHK Mainland China and Hong Kong stocks opened higher, lifted by the S&P 500 and Nasdaq finishing at fresh records. The benchmark Hang Seng Index gained 258 points, or 1.06 percent, to open at 24,757. On the mainland, the benchmark Shanghai Composite Index was up 0.08 percent at 3,519 while the Shenzhen Component Index opened 0.27 percent higher at 10,902. Down Under, miners propelled Australian shares to an all-time high, driven by BHP Group's record quarterly copper production and higher iron ore prices, while upbeat US retail sales data for June further fuelled investor optimism. The S&P/ASX 200 index rose 0.6 percent to scale a record peak of 8,693. Investor sentiment was buoyed by data showing US retail sales beat expectations in June, signalling steady economic growth. (Agencies/Xinhua)
RTHK
5 days ago
- Automotive
- RTHK
HK stocks slip as tech hopes lift mainland markets
HK stocks slip as tech hopes lift mainland markets The Hang Seng Index ended down 18.81 points, or 0.077 percent, at 24,498.95. File photo: AFP Mainland China shares edged up on Thursday, buoyed by regulatory support for the auto sector and renewed optimism in AI-related stocks, while Citi upgraded China equities, citing improved earnings trends and structural growth themes. In Hong Kong, the benchmark Hang Seng Index ended at 24,498.95, down 18.81 points or 0.077 percent, holding near a four-month high. Across the border, the benchmark Shanghai Composite Index closed up 0.37 percent at 3,516.83 while the Shenzhen Component Index ended even higher by 1.43 percent at 10,873.62. The combined turnover of these two indexes stood at 1.54 trillion yuan, up from 1.44 trillion yuan on Wednesday. Stocks related to aircraft manufacturing and textile machinery led gains while the ceramics and water and gas supply sectors suffered major losses. The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, gained 1.75 percent to close at 2,269.33. Leading gains were AI-related shares that added 1.8 percent and the info tech sector that jumped 2.1 percent, as news that Nvidia will ramp up supply of H20 chips to China lifted sentiment. Auto stocks edged up 1.7 percent after authorities pledged to regulate the excessive competition and intense price wars in the electric vehicle industry. The biotech and healthcare sectors rallied more than 5 percent after US President Donald Trump dialled down his harsh tone towards China, offering fresh optimism about the trade deal prospects. Analysts at Citi upgraded China equities to "overweight", citing comparatively improved earnings outlook, reasonable valuations, and structural themes such as AI and corporate governance reforms. Internet names are among the top picks, as recent headlines about resumed sales of AI chips by US companies to China could be incrementally positive, the analysts said. (Reuters/Xinhua)
