At closing bell, the benchmark Shanghai Composite Index advanced 0.21%, or 7.28 points, to 3,525.60. The Shenzhen Composite Index, which tracks stocks on China's second exchange, added 1.16%, or 26.98 points, to 2,359.40. The blue-chip CSI300 index rose 0.42%, or 21.40 points, to 5,101.89.
The best performing sectors in the Shanghai Stock Exchange were Semiconductors (up 9.1%), Marine (up 7.7%), New Energy Power (up 6.73%), Optoelectronic Devices (up 5.64%), and Brewers (up 5.2%), while the worst performing sectors were Cement (down 5.3%), Highway Transport (down 4.4%), Oil & Gas Drilling (down 3.1%), Real Estate Management & Services (down 3.1%), and Market Services (down 2.9%).
The best performing sectors in the Shenzhen Stock Exchange were Semiconductors (up 8.5%), Industrial Conglomerates (up 7.1%), Automobile (up 7%), Leisure Equipment & Products (up 6.8%), and Household Products (up 6.6%), while the worst performing sectors were Education Services (down 7.4%), Gold & Other Precious Metal (down 3.4%), Oil & Gas Refining & Marketing (down 2.2%), Broadcasting & Cable TV (down 2.1%), and Motorcycle (down 1.8%).
ECONOMIC NEWS: China's industrial production grew 8.8% on a yearly basis in May, reports said citing data from the National Bureau of Statistics on Wednesday. Industrial production was the lowest rate in 5 months, amid softer export orders, rising commodity prices and factory costs and as a virus outbreak in southern China disrupted port services and delayed deliveries.
CURRENCY NEWS: China yuan was down against the dollar on Thursday, after weaker mid-point fixing by central bank. Prior to the market opening, the People's Bank of China (PBOC) set the midpoint rate CNY=PBOC at 6.4298 per dollar, 0.34% weaker than the previous fix of 6.4078. In the spot market, onshore yuan CNY=CFXS was changing hands at 6.4220, 251 pips weaker than the previous late session close.
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