European Stock Markets were Approaching A Three-Month High on Tuesday

European Markets Hover Around Three-month highs; Lufthansa stands out.

European stock markets were approaching a three-month high on Tuesday on optimism about an economic recovery after the coronavirus pandemic, with the German stock market buoyed by the advance of the flag carrier Lufthansa

The pan-European STOXX 600 index was up 1% early in the day and hit its highest level since March 9.

Lufthansa jumped more than 7.5% after its supervisory board approved a € 9 billion ($ 10 billion) government bailout yesterday, cheering on the Frankfurt DAX index, which was up 2.6% to its peak from March 5.

With operators in Germany back on the floor after a long weekend, Volkswagen, Daimlerand BMW rose between 4.5% and 7.7%.

Norwegian group Seadrill plummeted 9.3% by announcing a $ 1.2 billion accounting adjustment in the value of its oil drilling rigs and warning that it may have to convert part of its $ 7.4 billion of dollars of equity debt to survive.

Gains in the other markets were tempered by tensions between the US and China, with Wall Street futures under pressure after US President Donald Trump promised to use the Army to quell protests over the death of a black man in custody. Police.

The main indicator of the Hong Kong Stock Exchange, the Hang Seng, gained 1.11% today amid signs pointing to a progressive economic recovery to overcome the global impact of the coronavirus pandemic.

The Hang Seng rose 263.42 points to close at 23,995.94 integers today, while the index that measures the behavior of companies in mainland China listed on the Hong Kong parquet, the Hang Seng China Enterprises, gained 0, 43%%.

All sectors closed in green. The financial sub-index rose 1.52%, that of public services 0.39%, real estate 2.09% and that of commerce and industry 0.39%.

Like other global markets, Hong Kong resumed the latest Wall Street advance amid hopes that the global economy will gradually overcome the impact of the coronavirus pandemic as restrictions imposed in many countries are partially lifted .

Hong Kong’s leading market benchmark tech Tencent (HK: 0700) was up 0.33% today but e-commerce giant Alibba lost 1.38%.

Home delivery services firm Meituan, meanwhile, fell 1.93% and its titles were the second most traded on Tuesday.

In the insurance sector, Ping An (HK: 2318) gained 1.29% and AIA rose 3.18%. For its part, the HSBC banking group advanced 1.64%.

He highlighted the 60.26% advance in Huadian Fuxin’s shares after the announcement about the intention of the Chinese state power generation company Huadian to privatize its Hong Kong subsidiary.

Trading volume today reached HK $ 114.02 billion ($ 13.175 billion. $ 711 million).

The Hong Kong Stock Exchange gains 1.11% amid optimism about the global economy

 

List of the top 20 listed stocks purchased by the three major legal entities on Tuesday (2nd):

Code Number of shares

00637L Yuanta Shanghai and Shenzhen 300 positive 2 21648

00677U Fubon VIX 19310

2888 Shin Kong Gold 15304

2303 UMC 13764

2409 Friends up to 12813

3481 Innolux 12150

00632R Yuanta Taiwan 50 reverse 1 11108

2317 Hon Hai 10462

2884 Jade Mountain Gold 9216

0050 Yuanta Taiwan 50 7928

2002 China Steel 7759

2885 Yuan Daikin 7246

2454 MediaTek 6721

2881 Fubon Gold 4884

00633L Fubon SZSE 2 4614

2330 TSMC 4522

3017 Qi Yun 4368

2892 First Gold 4228

3231 weft 4182

6456 GIS-KY 4064

The details of the number of purchases are as follows:

Code Foreign Investment Credit Self-employed Self-operated

(Self-trading) (Hedging)

00637L 1547 0 0 20101

00677U 15002 0 -5 4313

2888 15564 17 -204 -73

2303 12175 1519 5 65

2409 11695 1170 575 -627

3481 12093 0 -21 78

00632R 8338 0 -1072 3842

2317 9506 270 1 685

2884 8391 0 194 631

0050 5578 -89 226 2213

2002 7516 0 117 126

2885 7266 26 -45 0

2454 6141 416 60 104

2881 4892 0 15 -23

00633L 3747 0 0 867

2330 4214 224 1 83

3017 4161 0 76 131

2892 4226 0 2 0

3231 3554 779 5 -156

6456 1790 1621 209 444

Remarks: Excluding huge transactions

Reviewer overview

European Stock Markets were Approaching A Three-Month High on Tuesday - /10

Summary

  European stock markets were approaching a three-month high on Tuesday on optimism about an economic recovery after the coronavirus pandemic,

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