stock market Photo:VCG
China’s A-share market opened on a positive note on Monday, with the Shanghai Composite Index climbing nearly 0.4 percent in intraday trading at 10:20 am, reclaiming the 3,400-point mark, helped by the renewed China-US trade talks in London.
The ChiNext Index surged by more than 1.5 percent. Sectors such as pharmaceuticals, rare-earth magnets, securities, defense, and solid-state batteries led the market gains, with nearly 3,800 listed companies rising across the Shanghai, Shenzhen, and Beijing stock exchanges.
Half an hour after the opening, the trading volume of the Shanghai and Shenzhen stock markets exceeded 410 billion yuan ($57.05 billion), an increase of more than 20 billion yuan compared to the same period of the previous trading day.
The Shanghai Composite Index opened 0.10 percent higher, the Shenzhen Component Index gained 0.16 percent at the opening, and the ChiNext Index rose 0.34 percent at the start of trading.
Asian markets climbed Monday. Japan’s benchmark Nikkei 225 advanced 0.95 percent in early trade, while the broader Topix index rose 0.72 percent, according to the CNBC. In South Korea, the Kospi index climbed 1.73 percent.
Chinese Vice-Premier He Lifeng is scheduled to set off for London on Sunday, where the Chinese side will hold the first meeting of the economic and trade consultation mechanism with the US side, according to a diplomatic schedule published by the Chinese Foreign Ministry on Saturday.
Global Times