Chinese Stocks Gain 0.4% in Early Trading

Dow Jones08-05

This article was automatically generated by Dow Jones using technology from Automated Insights.

Stocks in China rose during early trading Wednesday, as the Shanghai Composite Index increased 0.4% to 3839.00.

Among local companies with a market cap of at least 150 billion onshore Chinese yuan ($22.22 billion), Cambricon Technologies A is the biggest leader this morning, jumping 6.1%, and Foxconn Indl Internet A surged 6.0%. GigaDevice Semicon A rounds out the top three movers, as shares surged 5.4%.

Yuanjie Semiconductor A is the biggest early laggard, falling 4.0%, followed by shares of China Coal Energy, which fell 2.8%. Shares of Ningxia Baofeng Energy A fell 2.3%.

The dollar weakened 0.1% against the onshore yuan to 6.75 yuan.

In the bond markets, the 10-year Chinese government bond yield declined 0.05 basis point to 1.718%.

Data source: Dow Jones Market Data, FactSet

At the request of the copyright holder, you need to log in to view this content

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