Chinese Stocks Keeps Rally After Week-Long Holiday; Yuneng Technology Jumps 20%

MT Newswires Live2024-10-08

Chinese shares sustained its rally as the markets resumed after a week-long holiday.

The Shanghai Composite Index soared 4.6%, or 153.28 points, to finish Tuesday's trade at 3,489.78. The Shenzhen Component Index surged 9.2%, or 965.34 points, to 11,495.10.

Investors have been hyped over a string of stimulus measures introduced by the central bank days before the Golden Week holiday.

The positive sentiment remained after trading returned on Tuesday. However, some analysts are expecting the momentum to waver as some are disappointed with Beijing's not-so-detailed plans to boost the economy.

Zheng Shanjie, National Development and Reform Commission's, announced that China will issue 200 billion yuan to fund spending and investment projects by the end of the year.

Natixis' chief economist, Alicia Garcia-Herrero, said the markets expect a stronger fiscal stimulus.

In corporate news, Yuneng Technology's (SHA:688348) shares closed 20% higher after bagging the bid for the general contracting of the Shenzhou Kunteng shared energy storage project for 435.2 million yuan.

Beijing Balance Medical Technology (SHA:688198) also jumped 20% amid plans of its controlling shareholder, Jin Lei, to increase holdings in the company.

Meanwhile, Zhejiang Great Shengda Packaging (SHA:603687) rose 6.8% after its chairman, Fang Nengbin, was released from detention.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2473411945?lang=en_US&edition=full_marsco","thumbnail":"","is_english":true,"pubTime":"2024-10-08 15:51","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2473411945","market":"sg","top_or_hot":-1,"title":"Chinese Stocks Keeps Rally After Week-Long Holiday; Yuneng Technology Jumps 20%","media":"MT Newswires Live","content":"<html><body><p> Chinese shares sustained its rally as the markets resumed after a week-long holiday.</p><p>The Shanghai Composite Index soared 4.6%, or 153.28 points, to finish Tuesday's trade at 3,489.78. The Shenzhen Component Index surged 9.2%, or 965.34 points, to 11,495.10.</p><p>Investors have been hyped over a string of stimulus measures introduced by the central bank days before the Golden Week holiday.</p><p>The positive sentiment remained after trading returned on Tuesday. However, some analysts are expecting the momentum to waver as some are disappointed with Beijing's not-so-detailed plans to boost the economy.</p><p>Zheng Shanjie, National Development and Reform Commission's, announced that China will issue 200 billion yuan to fund spending and investment projects by the end of the year.</p><p>Natixis' chief economist, Alicia Garcia-Herrero, said the markets expect a stronger fiscal stimulus.</p><p>In corporate news, Yuneng Technology's (SHA:688348) shares closed 20% higher after bagging the bid for the general contracting of the Shenzhou Kunteng shared energy storage project for 435.2 million yuan.</p><p>Beijing Balance Medical Technology (SHA:688198) also jumped 20% amid plans of its controlling shareholder, Jin Lei, to increase holdings in the company.</p><p>Meanwhile, Zhejiang Great Shengda Packaging (SHA:603687) rose 6.8% after its chairman, Fang Nengbin, was released from detention.</p></body></html>","source":"mtnewswires_news","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>Chinese Stocks Keeps Rally After Week-Long Holiday; Yuneng Technology Jumps 20%</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\">\nChinese Stocks Keeps Rally After Week-Long Holiday; Yuneng Technology Jumps 20%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2024-10-08 15:51</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Chinese shares sustained its rally as the markets resumed after a week-long holiday.</p><p>The Shanghai Composite Index soared 4.6%, or 153.28 points, to finish Tuesday's trade at 3,489.78. The Shenzhen Component Index surged 9.2%, or 965.34 points, to 11,495.10.</p><p>Investors have been hyped over a string of stimulus measures introduced by the central bank days before the Golden Week holiday.</p><p>The positive sentiment remained after trading returned on Tuesday. However, some analysts are expecting the momentum to waver as some are disappointed with Beijing's not-so-detailed plans to boost the economy.</p><p>Zheng Shanjie, National Development and Reform Commission's, announced that China will issue 200 billion yuan to fund spending and investment projects by the end of the year.</p><p>Natixis' chief economist, Alicia Garcia-Herrero, said the markets expect a stronger fiscal stimulus.</p><p>In corporate news, Yuneng Technology's (SHA:688348) shares closed 20% higher after bagging the bid for the general contracting of the Shenzhou Kunteng shared energy storage project for 435.2 million yuan.</p><p>Beijing Balance Medical Technology (SHA:688198) also jumped 20% amid plans of its controlling shareholder, Jin Lei, to increase holdings in the company.</p><p>Meanwhile, Zhejiang Great Shengda Packaging (SHA:603687) rose 6.8% after its chairman, Fang Nengbin, was released from detention.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"603687","symbol_name":"大胜达","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2473411945","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2473411945","pubTimestamp":1728373884,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Chinese shares sustained its rally as the markets resumed after a week-long holiday.The Shanghai Composite Index soared 4.6%, or 153.28 points, to finish Tuesday's trade at 3,489.78. The Shenzhen Component Index surged 9.2%, or 965.34 points, to 11,495.10.Investors have been hyped over a string of stimulus measures introduced by the central bank days before the Golden Week holiday.The positive sentiment remained after trading returned on Tuesday. However, some analysts are expecting the momentum to waver as some are disappointed with Beijing's not-so-detailed plans to boost the economy.Zheng Shanjie, National Development and Reform Commission's, announced that China will issue 200 billion yuan to fund spending and investment projects by the end of the year.Natixis' chief economist, Alicia Garcia-Herrero, said the markets expect a stronger fiscal stimulus.In corporate news, Yuneng Technology's  shares closed 20% higher after bagging the bid for the general contracting of the Shenzhou Ku","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"603687":"大胜达","688198":"佰仁医疗","688348":"昱能科技"},"translate_title":"中国股市在为期一周的假期后继续上涨；昱能科技大涨20%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"603687":0.9,"688198":0.9,"688348":0.9},"content_text":"Chinese shares sustained its rally as the markets resumed after a week-long holiday.The Shanghai Composite Index soared 4.6%, or 153.28 points, to finish Tuesday's trade at 3,489.78. The Shenzhen Component Index surged 9.2%, or 965.34 points, to 11,495.10.Investors have been hyped over a string of stimulus measures introduced by the central bank days before the Golden Week holiday.The positive sentiment remained after trading returned on Tuesday. However, some analysts are expecting the momentum to waver as some are disappointed with Beijing's not-so-detailed plans to boost the economy.Zheng Shanjie, National Development and Reform Commission's, announced that China will issue 200 billion yuan to fund spending and investment projects by the end of the year.Natixis' chief economist, Alicia Garcia-Herrero, said the markets expect a stronger fiscal stimulus.In corporate news, Yuneng Technology's (SHA:688348) shares closed 20% higher after bagging the bid for the general contracting of the Shenzhou Kunteng shared energy storage project for 435.2 million yuan.Beijing Balance Medical Technology (SHA:688198) also jumped 20% amid plans of its controlling shareholder, Jin Lei, to increase holdings in the company.Meanwhile, Zhejiang Great Shengda Packaging (SHA:603687) rose 6.8% after its chairman, Fang Nengbin, was released from detention.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.33.2","shortVersion":"4.33.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2473411945"}