Doge2theMoon
2021-07-13
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Consumer firms lift China shares as export growth beats forecasts
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China’s blue-chip CSI300 index was down 0.05% at the midday break, a day after rising 1.25% on a central bank announcement that it would cut banks’ reserve requirement ratios (RRR).</p>\n<p>In a commentary on Tuesday, a former People’s Bank of China official said the RRR cut could help authorities to deal with shifts in U.S. monetary policy and may relieve future downward pressure on the yuan, while noting that China’s recovery remains imbalanced.</p>\n<p>The CSI consumer staples sector rose 1.75% and the real estate index added 0.4%.</p>\n<p>Refinitiv data showed foreign investors were net buyers on the day, with Northbound Stock Connect flows totalling 4.257 billion yuan ($658.53 million) by midday.</p>\n<p>Chinese H-shares listed in Hong Kong rose 2.15% to 10,159.95, while the Hang Seng Index was up 1.86% at 28,027.48.</p>\n<p>Tech firms in Hong Kong drove gains, with the Hang Seng Tech index rising 2.72%.</p>\n<p>Tencent Holdings Ltd jumped 5.05% after China’s antitrust regulator on Tuesday approved its plan to take the country’s no.3 search engine Sogou Inc private in a $3.5 billion deal.</p>\n<p>The smaller Shenzhen index was down 0.14%, the start-up board ChiNext Composite index was weaker by 1% and Shanghai’s tech-focused STAR50 index was down 1.07%.</p>\n<p>The yuan was quoted at 6.465 per U.S. dollar, 0.17% firmer than the previous close of 6.4762. (Reporting by Andrew Galbraith; Editing by Shailesh Kuber)</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Consumer firms lift China shares as export growth beats forecasts</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nConsumer firms lift China shares as export growth beats forecasts\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-07-13 13:16</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul>\n <li>SSEC +0.24%, CSI300 -0.05%, HSI +1.86%</li>\n <li>Consumer firms drive A-shares gains</li>\n <li>Export data shows recovering global demand</li>\n <li>Tech boosts Hang Seng; Tencent jumps after Sougou deal approval</li>\n</ul>\n<p>SHANGHAI, July 13 (Reuters) - Shanghai shares rose on Tuesday on strong gains in consumer staples firms, as new data showed China’s exports grew at a much faster-than-expected pace in June on recovering global demand.</p>\n<p>Easing global lockdown measures drove China’s June exports to grow much faster, and import growth also beat expectations, customs data showed on Tuesday.</p>\n<p>At the midday break the Shanghai Composite index was up 0.24% at 3,556.27 points. China’s blue-chip CSI300 index was down 0.05% at the midday break, a day after rising 1.25% on a central bank announcement that it would cut banks’ reserve requirement ratios (RRR).</p>\n<p>In a commentary on Tuesday, a former People’s Bank of China official said the RRR cut could help authorities to deal with shifts in U.S. monetary policy and may relieve future downward pressure on the yuan, while noting that China’s recovery remains imbalanced.</p>\n<p>The CSI consumer staples sector rose 1.75% and the real estate index added 0.4%.</p>\n<p>Refinitiv data showed foreign investors were net buyers on the day, with Northbound Stock Connect flows totalling 4.257 billion yuan ($658.53 million) by midday.</p>\n<p>Chinese H-shares listed in Hong Kong rose 2.15% to 10,159.95, while the Hang Seng Index was up 1.86% at 28,027.48.</p>\n<p>Tech firms in Hong Kong drove gains, with the Hang Seng Tech index rising 2.72%.</p>\n<p>Tencent Holdings Ltd jumped 5.05% after China’s antitrust regulator on Tuesday approved its plan to take the country’s no.3 search engine Sogou Inc private in a $3.5 billion deal.</p>\n<p>The smaller Shenzhen index was down 0.14%, the start-up board ChiNext Composite index was weaker by 1% and Shanghai’s tech-focused STAR50 index was down 1.07%.</p>\n<p>The yuan was quoted at 6.465 per U.S. dollar, 0.17% firmer than the previous close of 6.4762. (Reporting by Andrew Galbraith; Editing by Shailesh Kuber)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","000001.SH":"上证指数","HSI":"恒生指数"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1166273655","content_text":"SSEC +0.24%, CSI300 -0.05%, HSI +1.86%\nConsumer firms drive A-shares gains\nExport data shows recovering global demand\nTech boosts Hang Seng; Tencent jumps after Sougou deal approval\n\nSHANGHAI, July 13 (Reuters) - Shanghai shares rose on Tuesday on strong gains in consumer staples firms, as new data showed China’s exports grew at a much faster-than-expected pace in June on recovering global demand.\nEasing global lockdown measures drove China’s June exports to grow much faster, and import growth also beat expectations, customs data showed on Tuesday.\nAt the midday break the Shanghai Composite index was up 0.24% at 3,556.27 points. China’s blue-chip CSI300 index was down 0.05% at the midday break, a day after rising 1.25% on a central bank announcement that it would cut banks’ reserve requirement ratios (RRR).\nIn a commentary on Tuesday, a former People’s Bank of China official said the RRR cut could help authorities to deal with shifts in U.S. monetary policy and may relieve future downward pressure on the yuan, while noting that China’s recovery remains imbalanced.\nThe CSI consumer staples sector rose 1.75% and the real estate index added 0.4%.\nRefinitiv data showed foreign investors were net buyers on the day, with Northbound Stock Connect flows totalling 4.257 billion yuan ($658.53 million) by midday.\nChinese H-shares listed in Hong Kong rose 2.15% to 10,159.95, while the Hang Seng Index was up 1.86% at 28,027.48.\nTech firms in Hong Kong drove gains, with the Hang Seng Tech index rising 2.72%.\nTencent Holdings Ltd jumped 5.05% after China’s antitrust regulator on Tuesday approved its plan to take the country’s no.3 search engine Sogou Inc private in a $3.5 billion deal.\nThe smaller Shenzhen index was down 0.14%, the start-up board ChiNext Composite index was weaker by 1% and Shanghai’s tech-focused STAR50 index was down 1.07%.\nThe yuan was quoted at 6.465 per U.S. dollar, 0.17% firmer than the previous close of 6.4762. 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