Market review:
China stocks stayed stable around 3-week high for investors saw Gov’s turning its policy wheel, and closed at 2862.89. Premier Li gave a talk on keeping the employment stable, which may had showed Gov’s reconsidering the decapacity policy. The possible turning boosted stocks, RMB and Commodities alike.
Research Notes:
Money flowed into Construction, Machinery and Material sectors.Anhui Jiangnan Chemicals, a company producing explosive material for construction, rallied to limit-up, on Gov stimulus hope.
As we noted before the sentiment ‘s been improved by Gov moves, how long can this optimism run is hard to guess, but we tried to give a try, mark the date the People’s Congress meeting start, when Premier making a lower GDP growth target.
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