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2021-08-02

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China shares jump after worst month in nearly 3 years

SSEC up 1.97%, CSI300 up 2.55% Foreigners lend support as net buyers through Stock Connect New Delta

China shares jump after worst month in nearly 3 years

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{"i18n":{"language":"zh_CN"},"data":{"magic":2,"id":805548822,"tweetId":"805548822","gmtCreate":1627893999266,"gmtModify":1633755521969,"author":{"id":3577268733508923,"idStr":"3577268733508923","authorId":3577268733508923,"authorIdStr":"3577268733508923","name":"Xiansalty","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":0,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body><p>Hi! Like and comment <span>[Cool]&nbsp;</span></p></body></html>","htmlText":"<html><head></head><body><p>Hi! Like and comment <span>[Cool]&nbsp;</span></p></body></html>","text":"Hi! Like and comment [Cool]","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/805548822","repostId":2156212196,"repostType":4,"repost":{"id":"2156212196","kind":"highlight","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":1627890622,"share":"https://www.laohu8.com/m/news/2156212196?lang=&edition=full","pubTime":"2021-08-02 15:50","market":"sh","language":"en","title":"China shares jump after worst month in nearly 3 years","url":"https://stock-news.laohu8.com/highlight/detail?id=2156212196","media":"Reuters","summary":"SSEC up 1.97%, CSI300 up 2.55%\nForeigners lend support as net buyers through Stock Connect\nNew Delta","content":"<ul>\n <li>SSEC up 1.97%, CSI300 up 2.55%</li>\n <li>Foreigners lend support as net buyers through Stock Connect</li>\n <li>New Delta variant virus cases continue to rise</li>\n <li>China government bond yields lowest in more than 1 year</li>\n</ul>\n<p>SHANGHAI, Aug 2 (Reuters) - Chinese shares jumped on Monday, with the benchmark indexes logging their biggest daily gains since May, as investors snapped up stocks battered by a sell-off last month.</p>\n<p>The Shanghai Composite index finished the day up 1.97% at 3,464.29 points and the blue-chip CSI300 index&nbsp;ended 2.55% higher. It was the biggest daily rise since May 25 for both indexes.</p>\n<p>The gains follow a near 5.5% fall for the CSI300 last week, capping its biggest monthly loss since October 2018 after a string of regulatory moves aimed at the after-school education, tech and property sectors.</p>\n<p>\"I think the China A-share market became an unnecessary victim of the recent regulatory events. The so-called 'clampdown' is really just on a few sectors and Chinese ADRs rather than A-shares in general,\" said Qi Wang, chief executive officer at MegaTrust Investment in Hong Kong.</p>\n<p>\"Seriously, what's the connection between closing down cram schools and people consuming more or less liquor, for example? I don't see any.\"</p>\n<p>Both the CSI300 and Shanghai Composite indexes had fallen around 1% in early trade on rising concerns over a domestic surge in Delta variant COVID-19 infections. China on Monday reported 98 new confirmed coronavirus cases in the mainland for the day earlier, the highest daily rise since Jan. 24.</p>\n<p>Those concerns also weighed on the fixed income market, where benchmark Chinese government bond <a href=\"https://laohu8.com/S/CGB.AU\">$(CGB.AU)$</a> yields dropped to their lowest level in more than a year. The most-traded CGB futures contract for September delivery ended up 0.23%.</p>\n<p>Adding to worries over the economic outlook, a private sector survey showed China's factory activity growth fell to a 15-month low in July.</p>\n<p>But by mid-morning, investors' focus shifted to the attractive valuations of stocks after last week's rout. The CSI300 financial sector sub-index finished up 2.2% and the consumer staples sector jumped 4.85%.</p>\n<p>Data from Refinitiv showed foreign investors were net buyers of A-shares on Monday, with inflows through the Northbound leg of the Stock Connect programme topping 9.55 billion yuan ($1.48 billion).</p>\n<p>\"We believe short-term volatility creates opportunities for long-term investors. The A-share market should resume an upward trajectory after domestic credit growth bottoms,\" Meng Lei, A-share strategist at UBS Securities said in an emailed comment.</p>\n<p>($1 = 6.4631 Chinese yuan)</p>\n<p>(Reporting by Andrew Galbraith; Editing by Sam Holmes and Amy Caren Daniel)</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 shares jump after worst month in nearly 3 years</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\">\nChina shares jump after worst month in nearly 3 years\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\">2021-08-02 15:50</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul>\n <li>SSEC up 1.97%, CSI300 up 2.55%</li>\n <li>Foreigners lend support as net buyers through Stock Connect</li>\n <li>New Delta variant virus cases continue to rise</li>\n <li>China government bond yields lowest in more than 1 year</li>\n</ul>\n<p>SHANGHAI, Aug 2 (Reuters) - Chinese shares jumped on Monday, with the benchmark indexes logging their biggest daily gains since May, as investors snapped up stocks battered by a sell-off last month.</p>\n<p>The Shanghai Composite index finished the day up 1.97% at 3,464.29 points and the blue-chip CSI300 index&nbsp;ended 2.55% higher. It was the biggest daily rise since May 25 for both indexes.</p>\n<p>The gains follow a near 5.5% fall for the CSI300 last week, capping its biggest monthly loss since October 2018 after a string of regulatory moves aimed at the after-school education, tech and property sectors.</p>\n<p>\"I think the China A-share market became an unnecessary victim of the recent regulatory events. The so-called 'clampdown' is really just on a few sectors and Chinese ADRs rather than A-shares in general,\" said Qi Wang, chief executive officer at MegaTrust Investment in Hong Kong.</p>\n<p>\"Seriously, what's the connection between closing down cram schools and people consuming more or less liquor, for example? I don't see any.\"</p>\n<p>Both the CSI300 and Shanghai Composite indexes had fallen around 1% in early trade on rising concerns over a domestic surge in Delta variant COVID-19 infections. China on Monday reported 98 new confirmed coronavirus cases in the mainland for the day earlier, the highest daily rise since Jan. 24.</p>\n<p>Those concerns also weighed on the fixed income market, where benchmark Chinese government bond <a href=\"https://laohu8.com/S/CGB.AU\">$(CGB.AU)$</a> yields dropped to their lowest level in more than a year. The most-traded CGB futures contract for September delivery ended up 0.23%.</p>\n<p>Adding to worries over the economic outlook, a private sector survey showed China's factory activity growth fell to a 15-month low in July.</p>\n<p>But by mid-morning, investors' focus shifted to the attractive valuations of stocks after last week's rout. The CSI300 financial sector sub-index finished up 2.2% and the consumer staples sector jumped 4.85%.</p>\n<p>Data from Refinitiv showed foreign investors were net buyers of A-shares on Monday, with inflows through the Northbound leg of the Stock Connect programme topping 9.55 billion yuan ($1.48 billion).</p>\n<p>\"We believe short-term volatility creates opportunities for long-term investors. The A-share market should resume an upward trajectory after domestic credit growth bottoms,\" Meng Lei, A-share strategist at UBS Securities said in an emailed comment.</p>\n<p>($1 = 6.4631 Chinese yuan)</p>\n<p>(Reporting by Andrew Galbraith; Editing by Sam Holmes and Amy Caren Daniel)</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"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2156212196","content_text":"SSEC up 1.97%, CSI300 up 2.55%\nForeigners lend support as net buyers through Stock Connect\nNew Delta variant virus cases continue to rise\nChina government bond yields lowest in more than 1 year\n\nSHANGHAI, Aug 2 (Reuters) - Chinese shares jumped on Monday, with the benchmark indexes logging their biggest daily gains since May, as investors snapped up stocks battered by a sell-off last month.\nThe Shanghai Composite index finished the day up 1.97% at 3,464.29 points and the blue-chip CSI300 index ended 2.55% higher. It was the biggest daily rise since May 25 for both indexes.\nThe gains follow a near 5.5% fall for the CSI300 last week, capping its biggest monthly loss since October 2018 after a string of regulatory moves aimed at the after-school education, tech and property sectors.\n\"I think the China A-share market became an unnecessary victim of the recent regulatory events. The so-called 'clampdown' is really just on a few sectors and Chinese ADRs rather than A-shares in general,\" said Qi Wang, chief executive officer at MegaTrust Investment in Hong Kong.\n\"Seriously, what's the connection between closing down cram schools and people consuming more or less liquor, for example? I don't see any.\"\nBoth the CSI300 and Shanghai Composite indexes had fallen around 1% in early trade on rising concerns over a domestic surge in Delta variant COVID-19 infections. China on Monday reported 98 new confirmed coronavirus cases in the mainland for the day earlier, the highest daily rise since Jan. 24.\nThose concerns also weighed on the fixed income market, where benchmark Chinese government bond $(CGB.AU)$ yields dropped to their lowest level in more than a year. The most-traded CGB futures contract for September delivery ended up 0.23%.\nAdding to worries over the economic outlook, a private sector survey showed China's factory activity growth fell to a 15-month low in July.\nBut by mid-morning, investors' focus shifted to the attractive valuations of stocks after last week's rout. The CSI300 financial sector sub-index finished up 2.2% and the consumer staples sector jumped 4.85%.\nData from Refinitiv showed foreign investors were net buyers of A-shares on Monday, with inflows through the Northbound leg of the Stock Connect programme topping 9.55 billion yuan ($1.48 billion).\n\"We believe short-term volatility creates opportunities for long-term investors. The A-share market should resume an upward trajectory after domestic credit growth bottoms,\" Meng Lei, A-share strategist at UBS Securities said in an emailed comment.\n($1 = 6.4631 Chinese yuan)\n(Reporting by Andrew Galbraith; Editing by Sam Holmes and Amy Caren Daniel)","news_type":1},"isVote":1,"tweetType":1,"viewCount":193,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":23,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}