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Market review: July 11, 2016

Fang submitted 2016-07-11 15:40:34

Market review:

China stocks rised with a long upper shadow on improved risk appetite, with SHA rose about 0.23%. Investors believed there would be a seasonal rebound of stocks , supported by global central banks’ easing.

Research Notes:

Money flowed into Non-Ferrous Metal, Coal Mining and Wine Brewing sectors the most. Nanjing Huadong Electronics Information & Technology Co.(000717.sz) rallied to limit-up for investors saw brighter perspective for its permanent magnet materials.

As this week would be defined by the release of China macro data, including GDP, M2,Fixed Asset Investment and Industrial Production, investors also speculated that the further slowing of econ growth would force gov to offer more fascial and monetary stimulus for Q3.And investors also continued to sell CNYUSD on this expectation. In commodity market, cotton, silver and egg futures led the rally on both easy monetary policy and adverse weather reduced the production. Investors can hold the shares of precious metal, non-ferrous metal and agriculture a little longer with the expectation that SHA could hit 3100 in the next 1~2 months.


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