news

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

the chinese stock market is undergoing a major reversal that will go down in history.

this week, financial regulatory agencies launched a series of policy combinations, which led to the recovery of the capital market. before the market opened today, the central bank fulfilled its promise to cut interest rates and reserve requirement ratios as scheduled. boosted by policies, a-shares and hong kong stocks exploded collectively.

a-shares collectively opened higher, with the shanghai stock exchange index rising 1.6% and the shenzhen stock exchange index rising 2.06% to reach the 9,100-point mark. the csi 300 index headed towards its best weekly performance since 2008. due to the hot market conditions, the stock bidding system of the shanghai stock exchange temporarily failed, but has now been restored.

affected by this, the shanghai composite index continued to trade sideways, with strong long capital inflows into shenzhen-listed stocks, and the chinext index recorded its largest intraday increase on record.

on the market, food consumption, major financial and other sector indexes were among the top gainers. the strength of the liquor sector continued, with shehe liquor industry having two consecutive boards, rock stock having five boards in seven days, and kweichow moutai rising nearly 5% to regain the 1,600 yuan mark.

hong kong stocks continued their recent trend and rose collectively. at midday, the hang seng index rose nearly 700 points, the hang seng index soared 6.56%, and technology, internet, real estate and tourism stocks soared across the board. hong kong's hang seng index rose by 20.86% during the year, exceeding the s&p 500 index's cumulative increase of 20.45% during the year, and only slightly lower than the nasdaq's 21.18% increase.

on the market, heavyweight stocks such as technology stocks, big finance, chinese capital stocks, and high-yield concept stocks rose rapidly. jd.com performed better with a surge of more than 11%, followed closely by meituan, which rose by more than 10%.