Fallowing US-China Trade Agreement, China’s Major Stocks Ended Stronger

Following the first stage of the US-China trade agreement, China’s major stocks ended stronger on November 16 as industrial production and consumption indices improved more than expected.

Shenzhen Composite Index closed at 10,158.24, up 1.54% from the previous trading day.

The Shanghai Composite closed up 0.56 percent to 2,984.39.

The two indexes remained flat in the early days of the market but gained momentum shortly after the National Bureau of Statistics released the main economic data for November.

In November, industrial production and retail sales grew 6.2% and 8.0%, respectively, exceeding market expectations.

The Shenzhen Composite Index and Shanghai Composite Index surged nearly 2% on the 13th when news that the first stage of the US-China trade agreement will be signed.

Chinese stock markets outside of mainland China showed no clear direction.

The first stage of the US-China trade agreement was concluded, but as the structure of competition and confrontation between the US and China increased due to the trade war that began in earnest from last year, the market still remains alert.

The Taiwan Autonomous Index traded firmly, and as of 3:30 pm local time, the Hong Kong Hang Seng Index is down 0.3 percent.

The benefits of the first-phase trade agreement reached between the United States and China to the United States economy are not significant. Not only do most of the tariffs on Chinese goods remain unchanged, but the world ’s two largest economies continue to face uncertainty. Experts warn that the Sino-US trade truce may not be calm, and the Sino-US trade war may escalate after the US election.

According to a report by the Wall Street Journal today, the first phase of the US-China trade agreement eases but does not eliminate commercial uncertainty. The benefits of the first-phase trade agreement reached between the United States and China to the United States economy are not significant. Not only will most of the tariffs on Chinese goods remain unchanged, but the world ’s two largest economies will continue to face uncertainty.

According to a limited agreement announced by officials from the United States and China on Friday, the US will halve the 15% tariff imposed on US $ 120 billion worth of Chinese-made goods, including clothing, footwear and accessories, on September 1 this year. In addition, the U.S. will also cancel plans to levy a 15% tariff on US $ 156 billion worth of Chinese exports to the US, including smartphones, laptops and toys, on Sunday.

According to Reuters today, investment bank Bank of America Merrill Lynch released a report on Monday saying that it is still too early to say that the downgrading of the Sino-US trade war will continue, and expect that the trade war truce may not be calm before the US presidential election; The war on trade and technology could escalate again after the election.

China and the United States announced on Friday that they reached a “Phase 1” agreement. Bank of America Merrill Lynch reported that the agreement content is slightly better than the bank’s baseline forecast. If it is finally implemented, it will reach a foreseeable ceasefire period, which will help stabilize the world. Trading environment. However, the report believes that it is too early to conclude that the downgrade of the Sino-US trade war can continue. From now until the signing of the formal agreement, it remains to be seen whether the legal and administrative processes can be properly implemented and whether bilateral trade will rebound immediately. In addition, some challenging and sensitive issues, such as the US ban on Huawei, were not included in the first phase of the China-US agreement. In the absence of large-scale orders for electronics and software, China’s goal of increasing imports may be threatened.

Reuters cited the report as saying that China and the United States reached a bilateral agreement to reduce the chance of trade turmoil and entered the “eye of the trade war.” The two countries made concessions to the ceasefire is commendable. There are risks. According to the report, it is believed that the disputes and debates between the two countries will likely not disappear in 2020, and the trade and technology war may escalate after the US presidential election. In other words, at best, we can only see the future as a noisy ceasefire.

2019-12-16 15:02:00
Today: 2970.97 Highest: 2984.64
Yesterday Closes: 2967.68 Lowest: 2958.71
Turnover: 212 million lots Amplitude: 0.87%
Turnover: 237.667 billion yuan
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Top 16 Foreign Exchange Buy Stocks
2019-12-16 15:57:19
(Unit: KRW 100 million, 10,000 shares)
┌──────────────────┬──────────────────┐
│Net buying │Net selling │
├──────┬─────┬─────┼──────┬─────┬─────┤
│Item │Net Buy Price│Net Buy Quantity │Item │Net Sell Price│Net Sell Amount │
├──────┼─────┼─────┼──────┼─────┼─────┤
│KB Finance │185.9 │37.5 │Hyundai Motor │388.7 │32.5 │
├──────┼─────┼─────┼──────┼─────┼─────┤
SK hynix 121.7 13.8 KT & G 143.0 14.9
├──────┼─────┼─────┼──────┼─────┼─────┤
│Samsung SDI │109.2 │4.7 │Celltrion │132.0 │7.8 │
├──────┼─────┼─────┼──────┼─────┼─────┤
│Hana Financial Group│107.3 │28.4 │Kia Motors │99.4 │22.3 │
├──────┼─────┼─────┼──────┼─────┼─────┤
│LG Chemistry │86.5 │2.8 │SK Telecom │85.6 │3.6 │
├──────┼─────┼─────┼──────┼─────┼─────┤
│DB Hightech │72.9 │31.7 │SK Innovation│78.3 │5.3 │
├──────┼─────┼─────┼──────┼─────┼─────┤
│NCsoft │63.3 │1.2 │Hyundai Mobis │76.6 │2.9 │
├──────┼─────┼─────┼──────┼─────┼─────┤
│NAVER │55.8 │3.1 │Fila Korea │67.5 │12.9 │
├──────┼─────┼─────┼──────┼─────┼─────┤
│Samsung Electronics │55.8 │12.4 │POSCO │61.0 │2.5 │
├──────┼─────┼─────┼──────┼─────┼─────┤
Shinhan Holdings 47.2 10.5 Woori Financial Holdings 60.7 50.4
├──────┼─────┼─────┼──────┼─────┼─────┤
│SK │45.4 │1.7 │IBK │48.7 │39.5│
├──────┼─────┼─────┼──────┼─────┼─────┤
│Hansol chemical │28.6 │2.9 │Lotte chemical │48.0 │2.1 │
├──────┼─────┼─────┼──────┼─────┼─────┤
LG U + │25.0│17.6│AMOREPACIFIC│47.0│2.4│
├──────┼─────┼─────┼──────┼─────┼─────┤
LG Innotek 19.3 1.5 LG Display 43.3 26.5
├──────┼─────┼─────┼──────┼─────┼─────┤
DUZON VISION │16.4 │2.2 │OrangeLife│42.2 │14.3 │
├──────┼─────┼─────┼──────┼─────┼─────┤
│Samsung Electric │15.9 │1.3 │DB non-life insurance │41.9 │7.4 │
├──────┼─────┼─────┼──────┼─────┼─────┤
│Hanjin KAL │14.3 │3.6 │Daelim Industry│38.1 │4.2│
├──────┼─────┼─────┼──────┼─────┼─────┤
│Hyundai E & C │11.9 2.8 │Hyundai Maritime │36.9 │12.8 │
├──────┼─────┼─────┼──────┼─────┼─────┤
│NICE │11.9 │5.9 │Hanhwa Life Insurance │36.4 │154.8 │
├──────┼─────┼─────┼──────┼─────┼─────┤
│ Boryeong Pharmaceutical │11.4 │7.4 │Korea Gas Corporation│35.9 9.4
└──────┴─────┴─────┴──────┴─────┴─────┘
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Daelim Industry 91,000 ▼ 600 -0.66%
Kia Motors 44,450 0-%
SK hynix 88,600 ▲ 700 + 0.80%
Hyundai Engineering & Construction 43,150 ▼ 750 -1.71%
DB Hitech 23,300 ▲ 1,000 + 4.48%
Hyundai Marine & Marine 28,950 ▼ 750 -2.53%
LG 74,700 ▼ 400 -0.53%
Boryeong Pharmaceutical 15,500 ▲ 200 + 1.31%
Hyundai 119,000 ▼ 2,000 -1.65%
POSCO 242,500 ▼ 500 -0.21%
DB non-life insurance 56,600 ▼ 2,300 -3.90%
Samsung Electronics 45,000 ▲ 100 + 0.22%
Samsung SDI 233,500 ▲ 4,000 + 1.74%
Samsung Electro-Mechanics 122,000 ▼ 500 -0.41%
LG Innotek 133,000 0-%
Lotte Chemical 227,000 ▲ 1,000 + 0.44%
Hyundai Mobis 260,500 0-%
THE ZONE Biz 74,900 ▲ 400 + 0.54%
Hansol Chemical 99,100 ▼ 1,900 -1.88%
SK Telecom 241,500 ▲ 1,000 + 0.42%
IBK 12,250 ▼ 150 -1.21%
LG U + 14,200 ▲ 300 + 2.16%
KT & G 96,000 ▲ 200 + 0.21%
LG Display 16,350 ▲ 400 + 2.51%
NICE 20,050 ▼ 250 -1.23%
SK 260,000 ▲ 1,500 + 0.58%
NAVER 179,500 ▲ 4,000 + 2.28%
KOGAS 38,250 ▼ 500 -1.29%
NCsoft 542,000 ▲ 4,000 + 0.74%
LG Chem 309,000 ▲ 6,000 + 1.98%
Shinhan Holdings 44,400 ▼ 1,250 -2.74%
Celltrion 170,000 ▼ 2,000 -1.16%
Orange Life 28,950 ▼ 950 -3.18%
Fila Korea 52,000 ▼ 2,000 -3.70%
Hana Financial Group 37,650 ▼ 950 -2.46%
Hanwha Life 2,355 ▼ 60 -2.48%
AMOREPACIFIC 192,500 ▼ 3,000 -1.53%
SK Innovation 148,000 ▼ 500 -0.34%
KB Finance 49,050 ▼ 950 -1.90%
Hanjin Knife 40,150 ▼ 550 -1.35%
Ray 40,500 ▲ 2,800 + 7.43%
Mobis 2,240 ▼ 15 -0.67%
Woori Financial Group 11,950 ▼ 200 -1.65%
Mother and child 6,950 ▲ 30 + 0.43%