Sat, May 18, 2024

Mainland Chinese Stocks and China Securities Journal

Stocks and main challenges

It was a positive day for mainland Chinese stocks. Moreover, stocks in mainland China saw robust gains this week, while the Shanghai Composite jumping nearly 6% on Monday. Interestingly, stocks benefited from the article published by the state-owned China Securities Journal. According to this front-page editorial, investors should look forward to the wealth effect of the capital markets as well as the prospect for a healthy bull market. 

However, stocks in the Asia Pacific were mixed on July 8, as the fears concerning the coronavirus pandemic continue to affect stocks around the world. 

As mentioned above, mainland Chinese stocks strengthened their positions on July 8. Moreover, they led gains in the regions for another day. For example, the Shanghai Composite added 1.74% to around 3,403.44. At the same time, the Shenzhen Composite gained 1,841% to end its trading day at about 13,406.37. 

Moreover, Hong Kong’s Hang Seng index advanced 0.42% as of its final hour of trading. 

Nevertheless, other major markets in the region fell on Wednesday. In Japan, the Nikkei 225 fell 0.78% to close at 22,438.65. In the meantime, the Topix index dropped 0.92% to 1,557.23.

South Korea’s Kospi index dropped 0.24% to 2,158.88. 

In Australia, the S&P/ASX 200 fell 1.54% to close at 5,920.30.

Stocks and the World Health Organization Chinese stocks on July 8

Based on the information provided by the World Health Organization, it should not be a surprise if the global death toll from the coronavirus begins to increase as the number of cases rose in June. 

The number of coronavirus cases surpassed 11 million and the number is moving towards 12 million. The U.S. has the highest number of cases followed by India, Brazil, and Russia. People around the world should follow the instructions. Otherwise, it will be harder to minimize the damage caused by the coronavirus. Moreover, governmental and private organizations should work together to support the labor market. 

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