男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Finance

Uptrend ahead for A shares in H2

By Cai Xiao | China Daily | Updated: 2018-07-17 09:30
Share
Share - WeChat
China's economic fundamentals are better than in 2015 and 2016, and the yuan has got rid of unilateral fluctuations. [Photo/VCG]

China's A shares are poised for better days ahead and the weakness on Monday was only a temporary blip, experts said.

Equities had fallen on Monday after sentiment waned on economic uncertainties. However, experts still expect the A-share market to show robustness in the second half of the year.

National Bureau of Statistics data released on Monday showed GDP increased 6.7 percent in the second quarter compared to a year earlier. That was down slightly from the 6.8 percent year-on-year growth reported in the previous quarter.

The benchmark Shanghai Composite Index fell by 0.61 percent to 2814.04 points, with financial, real estate and airline shares leading the decline. The Shenzhen Component Index closed 0.10 percent lower at 9317.36 points. The ChiNext Index, which tracks China's Nasdaq-style board of growth enterprises, declined by 0.10 percent to close at 1616.91 points.

China Pacific Insurance (Group) Co Ltd plunged by 2.94 percent. China Construction Bank Corp and Industrial and Commercial Bank of China Ltd all declined by more than 2 percent.

Communication equipment company shares posted gains after Chinese telecoms gear-maker ZTE Corp hit the daily increase limit. Hangzhou Freely Communication Co Ltd and Wenzhou Yihua Connector Co Ltd all saw their share prices rise by the daily maximum of 10 percent.

"China's economic expansion slowed in line with expectations, and conditions will be weaker in the second half as China is carrying out deleveraging moves, and the trade conflict between the US and China is uncertain," said Gao Ting, head of China market strategy at UBS Securities.

"But China's A-share market will probably see an upward trend in the second half, as we believe the US and China will both be rational and China's consumption market has huge potential," Gao said.

Dai Kang, chief strategist at GF Securities, said foreign investors have shown strong interest in A shares as their valuations have been very attractive.

"China's economic fundamentals are better than in 2015 and 2016, and the yuan has got rid of unilateral fluctuations," Dai said.

Using stock connect programs, northbound funds-that is, international investors that target stocks listed in Shanghai and Shenzhen through Hong Kong-pumped 14.9 billion yuan ($2.2 billion) into the prized shares in the past month.

China's sovereign wealth fund has expressed a desire to invest in the domestic market as stock valuations have hit multiyear lows, underscoring how coming home could bring new opportunities to boost returns.

The $941 billion China Investment Corp is seeking permission to invest in local shares and bonds, and has laid the groundwork for an application to the central government, according to Bloomberg.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 仙居县| 炉霍县| 衡阳市| 邻水| 金坛市| 班戈县| 讷河市| 醴陵市| 蒲城县| 营口市| 卓尼县| 周口市| 会东县| 饶河县| 顺昌县| 陆川县| 织金县| 谢通门县| 澄城县| 磐安县| 罗甸县| 大英县| 红河县| 米林县| 东莞市| 会理县| 桂阳县| 二连浩特市| 东兴市| 祁连县| 淄博市| 芜湖县| 杭锦旗| 温泉县| 宁波市| 沁源县| 吕梁市| 格尔木市| 洛隆县| 胶州市| 福海县|