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2021-07-06
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China stocks rise as tech-focused STAR Board shines on policy support
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like","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/154259889","repostId":2149875593,"repostType":4,"repost":{"id":"2149875593","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1625471037,"share":"https://www.laohu8.com/m/news/2149875593?lang=&edition=full","pubTime":"2021-07-05 15:43","market":"hk","language":"en","title":"China stocks rise as tech-focused STAR Board shines on policy support","url":"https://stock-news.laohu8.com/highlight/detail?id=2149875593","media":"Reuters","summary":"Shanghai, July 5 (Reuters) - China's major indexes eked out gains on Monday, helped by robust streng","content":"<p>Shanghai, July 5 (Reuters) - China's major indexes eked out gains on Monday, helped by robust strength in Shanghai's tech-focused STAR Board companies, as Beijing pledged continued policy support for its tech sector.</p>\n<p>** The blue-chip CSI300 index edged up 0.1% to 5,085.79, while the Shanghai Composite Index added 0.4% to 3,534.32.</p>\n<p>** Shenzhen's start-up board climbed 0.5%, while Shanghai's tech-focused STAR50 index gained 2.5%.</p>\n<p>** Advanced Micro-Fabrication Equipment Inc China jumped as much as 12% before closing 7.4% higher, after China's state integrated circuit fund participated in the company's private placement.</p>\n<p>** Six of China's ministries including Ministry of Industry and Information Technology pledged on Friday to foster outstanding manufacturers and support qualified companies to get financing from the capital markets.</p>\n<p>** Though investors turned cautious after a slump on Friday, when major indexes fell the most in four months amid growth concerns.</p>\n<p>** \"Most of (China's) broad-based indices and industry indices now stand at the end of a rising trend, and the stock rally since the first quarter could have ended, leading to a potential correction going forward,\" Essence Securities noted in a report.</p>\n<p>** A private survey showed on Monday that growth in China's services sector slowed sharply in June to a 14-month low, weighed down by a resurgence of COVID-19 cases in southern China, adding to concerns the world's second-largest economy may be starting to lose some momentum.</p>\n<p>** Around the region, MSCI's Asia ex-Japan stock index was firmer by 0.01%, while Japan's Nikkei index closed down 0.64%.</p>\n<p>** At 0731 GMT, the yuan was quoted at 6.4617 per U.S. dollar, 0.16% firmer than the previous close of 6.472.</p>\n<p>** As of 0732 GMT, China's A-shares were trading at a premium of 39.15% over the Hong Kong-listed H-shares.</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>China stocks rise as tech-focused STAR Board shines on policy support</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{ 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support\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\">2021-07-05 15:43</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Shanghai, July 5 (Reuters) - China's major indexes eked out gains on Monday, helped by robust strength in Shanghai's tech-focused STAR Board companies, as Beijing pledged continued policy support for its tech sector.</p>\n<p>** The blue-chip CSI300 index edged up 0.1% to 5,085.79, while the Shanghai Composite Index added 0.4% to 3,534.32.</p>\n<p>** Shenzhen's start-up board climbed 0.5%, while Shanghai's tech-focused STAR50 index gained 2.5%.</p>\n<p>** Advanced Micro-Fabrication Equipment Inc China jumped as much as 12% before closing 7.4% higher, after China's state integrated circuit fund participated in the company's private placement.</p>\n<p>** Six of China's ministries including Ministry of Industry and Information Technology pledged on Friday to foster outstanding manufacturers and support qualified companies to get financing from the capital markets.</p>\n<p>** Though investors turned cautious after a slump on Friday, when major indexes fell the most in four months amid growth concerns.</p>\n<p>** \"Most of (China's) broad-based indices and industry indices now stand at the end of a rising trend, and the stock rally since the first quarter could have ended, leading to a potential correction going forward,\" Essence Securities noted in a report.</p>\n<p>** A private survey showed on Monday that growth in China's services sector slowed sharply in June to a 14-month low, weighed down by a resurgence of COVID-19 cases in southern China, adding to concerns the world's second-largest economy may be starting to lose some momentum.</p>\n<p>** Around the region, MSCI's Asia ex-Japan stock index was firmer by 0.01%, while Japan's Nikkei index closed down 0.64%.</p>\n<p>** At 0731 GMT, the yuan was quoted at 6.4617 per U.S. dollar, 0.16% firmer than the previous close of 6.472.</p>\n<p>** As of 0732 GMT, China's A-shares were trading at a premium of 39.15% over the Hong Kong-listed H-shares.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"000001.SH":"上证指数"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2149875593","content_text":"Shanghai, July 5 (Reuters) - China's major indexes eked out gains on Monday, helped by robust strength in Shanghai's tech-focused STAR Board companies, as Beijing pledged continued policy support for its tech sector.\n** The blue-chip CSI300 index edged up 0.1% to 5,085.79, while the Shanghai Composite Index added 0.4% to 3,534.32.\n** Shenzhen's start-up board climbed 0.5%, while Shanghai's tech-focused STAR50 index gained 2.5%.\n** Advanced Micro-Fabrication Equipment Inc China jumped as much as 12% before closing 7.4% higher, after China's state integrated circuit fund participated in the company's private placement.\n** Six of China's ministries including Ministry of Industry and Information Technology pledged on Friday to foster outstanding manufacturers and support qualified companies to get financing from the capital markets.\n** Though investors turned cautious after a slump on Friday, when major indexes fell the most in four months amid growth concerns.\n** \"Most of (China's) broad-based indices and industry indices now stand at the end of a rising trend, and the stock rally since the first quarter could have ended, leading to a potential correction going forward,\" Essence Securities noted in a report.\n** A private survey showed on Monday that growth in China's services sector slowed sharply in June to a 14-month low, weighed down by a resurgence of COVID-19 cases in southern China, adding to concerns the world's second-largest economy may be starting to lose some momentum.\n** Around the region, MSCI's Asia ex-Japan stock index was firmer by 0.01%, while Japan's Nikkei index closed down 0.64%.\n** At 0731 GMT, the yuan was quoted at 6.4617 per U.S. dollar, 0.16% firmer than the previous close of 6.472.\n** As of 0732 GMT, China's A-shares were trading at a premium of 39.15% over the Hong Kong-listed 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