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2021-07-05

China stocks rise as tech-focused STAR Board shines on policy support

Shanghai, July 5 (Reuters) - China's major indexes eked out gains on Monday, helped by robust streng

China stocks rise as tech-focused STAR Board shines on policy support

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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&nbsp;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&nbsp;was firmer by 0.01%, while Japan's Nikkei index&nbsp;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 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China stocks rise as tech-focused STAR Board shines on policy support

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