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2021-03-30

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China stocks jump as investors cheer corporate earnings; Hong Kong up

* SSEC 0.6%, CSI300 1.1%, HSI 1.2%* HK->Shanghai Connect daily quota used 5.3%, Shanghai->HK daily q

China stocks jump as investors cheer corporate earnings; Hong Kong up

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Hong Kong up","url":"https://stock-news.laohu8.com/highlight/detail?id=2123526410","media":"Reuters","summary":"* SSEC 0.6%, CSI300 1.1%, HSI 1.2%* HK->Shanghai Connect daily quota used 5.3%, Shanghai->HK daily q","content":"<p>* SSEC 0.6%, CSI300 1.1%, HSI 1.2%</p><p>* HK-&gt;Shanghai Connect daily quota used 5.3%, Shanghai-&gt;HK daily quota used 3.6%</p><p>* FTSE China A50 +1.2%</p><p>SHANGHAI, March 30 (Reuters) - China stocks climbed more than 1% on Tuesday, underpinned by new energy and healthcare shares, as investors cheered upbeat corporate earnings.</p><p>** The CSI300 index was up 1.1% at 5,102.07 points by the end of the morning session, while the Shanghai Composite Index gained 0.6% to 3,455.44 points.</p><p>** Leading the gains, the CSI300 new energy index</p><p>and the CSI300 healthcare index rose 1.9% and 1.8%, respectively.</p><p>** Chinese electric vehicle maker BYD Co Ltd ,</p><p>, which is backed by billionaire Warren Buffett, on Monday reported a 162% growth in 2020 net profit as it became a major mask maker amid the COVID-19 pandemic.</p><p>** But analysts said market sentiment remained weak and investors should not have too much hope on the sustainability of the rally.</p><p>** For now, it's more of a rebound following the recent market corrections, Huaxi Securities analysts said in a report, adding that cyclical blue-chip firms with low valuations and good cash conditions are relatively safe for investors.</p><p>** The Sino-U.S.tensions and expectations of liquidity tightening had curbed risk appetite in the A-share market, while the U.S. Treasury yields could rise to about 2% in the future, limiting the market rebound, the brokerage added.</p><p>** The Hang Seng index added 1.2% to 28,672.76 points, while the Hong Kong China Enterprises Index gained 1.1% to 11,063.61.</p><p>** The Hang Seng tech index and the Hang Seng industrials index added 3.2% and 2.2%.</p><p>** Beijing approved a sweeping overhaul of Hong Kong's electoral system on Tuesday, a senior politician who works with China's parliament on matters relating to the former British colony's mini-constitution told Reuters.</p><p>(Reporting by Luoyan Liu and Andrew Galbraith, Editing by Sherry Jacob-Phillips)</p><p>((luoyan.liu@thomsonreuters.com; 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}\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 stocks jump as investors cheer corporate earnings; Hong Kong up\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\">2021-03-30 12:57</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>* SSEC 0.6%, CSI300 1.1%, HSI 1.2%</p><p>* HK-&gt;Shanghai Connect daily quota used 5.3%, Shanghai-&gt;HK daily quota used 3.6%</p><p>* FTSE China A50 +1.2%</p><p>SHANGHAI, March 30 (Reuters) - China stocks climbed more than 1% on Tuesday, underpinned by new energy and healthcare shares, as investors cheered upbeat corporate earnings.</p><p>** The CSI300 index was up 1.1% at 5,102.07 points by the end of the morning session, while the Shanghai Composite Index gained 0.6% to 3,455.44 points.</p><p>** Leading the gains, the CSI300 new energy index</p><p>and the CSI300 healthcare index rose 1.9% and 1.8%, respectively.</p><p>** Chinese electric vehicle maker BYD Co Ltd ,</p><p>, which is backed by billionaire Warren Buffett, on Monday reported a 162% growth in 2020 net profit as it became a major mask maker amid the COVID-19 pandemic.</p><p>** But analysts said market sentiment remained weak and investors should not have too much hope on the sustainability of the rally.</p><p>** For now, it's more of a rebound following the recent market corrections, Huaxi Securities analysts said in a report, adding that cyclical blue-chip firms with low valuations and good cash conditions are relatively safe for investors.</p><p>** The Sino-U.S.tensions and expectations of liquidity tightening had curbed risk appetite in the A-share market, while the U.S. Treasury yields could rise to about 2% in the future, limiting the market rebound, the brokerage added.</p><p>** The Hang Seng index added 1.2% to 28,672.76 points, while the Hong Kong China Enterprises Index gained 1.1% to 11,063.61.</p><p>** The Hang Seng tech index and the Hang Seng industrials index added 3.2% and 2.2%.</p><p>** Beijing approved a sweeping overhaul of Hong Kong's electoral system on Tuesday, a senior politician who works with China's parliament on matters relating to the former British colony's mini-constitution told Reuters.</p><p>(Reporting by Luoyan Liu and Andrew Galbraith, Editing by Sherry Jacob-Phillips)</p><p>((luoyan.liu@thomsonreuters.com; Reuters Messaging: luoyan.liu.thomsonreuters.com@reuters.net))</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/f5481d622d7bc535b67b2738f86cc0db","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":"2123526410","content_text":"* SSEC 0.6%, CSI300 1.1%, HSI 1.2%* HK->Shanghai Connect daily quota used 5.3%, Shanghai->HK daily quota used 3.6%* FTSE China A50 +1.2%SHANGHAI, March 30 (Reuters) - China stocks climbed more than 1% on Tuesday, underpinned by new energy and healthcare shares, as investors cheered upbeat corporate earnings.** The CSI300 index was up 1.1% at 5,102.07 points by the end of the morning session, while the Shanghai Composite Index gained 0.6% to 3,455.44 points.** Leading the gains, the CSI300 new energy indexand the CSI300 healthcare index rose 1.9% and 1.8%, respectively.** Chinese electric vehicle maker BYD Co Ltd ,, which is backed by billionaire Warren Buffett, on Monday reported a 162% growth in 2020 net profit as it became a major mask maker amid the COVID-19 pandemic.** But analysts said market sentiment remained weak and investors should not have too much hope on the sustainability of the rally.** For now, it's more of a rebound following the recent market corrections, Huaxi Securities analysts said in a report, adding that cyclical blue-chip firms with low valuations and good cash conditions are relatively safe for investors.** The Sino-U.S.tensions and expectations of liquidity tightening had curbed risk appetite in the A-share market, while the U.S. Treasury yields could rise to about 2% in the future, limiting the market rebound, the brokerage added.** The Hang Seng index added 1.2% to 28,672.76 points, while the Hong Kong China Enterprises Index gained 1.1% to 11,063.61.** The Hang Seng tech index and the Hang Seng industrials index added 3.2% and 2.2%.** Beijing approved a sweeping overhaul of Hong Kong's electoral system on Tuesday, a senior politician who works with China's parliament on matters relating to the former British colony's mini-constitution told Reuters.(Reporting by Luoyan Liu and Andrew Galbraith, Editing by Sherry Jacob-Phillips)((luoyan.liu@thomsonreuters.com; 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