CICC reported on April 16 that on Thursday (April 16), the Shanghai Composite Index of China's stock market closed up 2.71% to a seven-year high, but the trading volume still decreased slightly. The external Asia-Pacific stock market closed higher across the board, with Japan's Nikkei rising slightly by 0.1%, South Korea's comprehensive index closing higher by 0.9%, Taiwan's weighted index closing higher by 1.22%, and the Australian stock index rising by 0.7%.
China's stock market Shanghai Composite Index closed up 2.7% on Thursday to hit a seven-year high, with blue-chip stocks leading the gains. Analysts pointed out that the stock index opened lower today and rose sharply, pulling up more than 100 points in the session. Negative factors such as the issuance of new stocks (IPOs) that have previously plagued the market, poor economic data and the launch of CSI 500 futures have been digested, and the market has resumed its upward trend, and the overall trend in the future is expected to remain optimistic.
Shanghai Index Daily Chart
Shanghai Index closed at 4194.82 points, up 110.66 points or 2.71%, after the previous closing high was 4300.52 points on March 7, 2008; the Shanghai Stock Exchange A-shares traded RMB 707.5 billion, compared with 767.1 billion on the previous day.
"(Sharp rise) is mainly due to the negative factors that affect the market in the short term have been digested in previous adjustments, especially in the decline in the past two days." Zhou Ronghua, a strategy analyst at Bank of China Securities, pointed out.
He also said that today the performance of the Shanghai Stock Exchange 50 and CSI 500 futures markets is differentiated, indicating that the short-term market structure will change, and the market style will return to the main board blue chips. After the valuation bubble of small and medium-sized stocks, there will be certain adjustments under the guidance of CSI 500 futures, and small and medium-sized stocks will be the key areas of adjustment.
CICC listed Shanghai Stock Exchange 50 Futures and CSI 500 Futures are listed today. The minimum trading margin standard for contracts is 8% of the contract value, and the cash delivery method and position limit system are adopted. Among them, the constituent stocks of the CSI 500 Index are 500 small and medium-sized stocks in the Shanghai and Shenzhen stock markets.
Japanese stock market rose slightly on Thursday as buying activity prompted oil and mining stocks to reverse early declines, offsetting investors' impact on recent gains in food stocks, such as food stocks, while Sharp rose strongly, boosted by restructuring expectations.
Nikkei index closed slightly up 0.1% to 19885.77, and had touched the bottom of the flat during the session. Dongsheng's stock price index rose 0.7% to 1599.42 points, with 2.54 billion stocks turning around, the largest scale since March 27. JPX-Nikkei 400 rose 0.6% to 14,498.14 points.
South Korea's comprehensive stock price index rose for the fifth consecutive trading day on Thursday, with a cumulative jump of 3.9% during the period. The index closed up 0.9% at 2139.90 on Thursday, the highest closing since August 1, 2011.
Taiwan stock market closed up more than 1% on Thursday, with TSMC 2330.TW, which will announce its financial report in the afternoon, rising more than 2%, and the market is paying attention to its outlook for the second quarter.
Taiwan's weighted stock price index closed up 1.22% to 9656.87 points; today's initial transaction value was NT$100.552 billion, and it was revised to NT$114.465 billion after the previous trading day.
Australian shares rose 0.7% on Thursday, with stronger financial, materials and energy stocks pushing the market, but better-than-expected Australian employment data reduced the possibility of the RBA's interest rate cut in May. The
index SP/ASX 200 index closed higher at 39.08 points to 5947.5, after falling for three consecutive trading days. After the employment data was released today, the index once hit an intraday high of 5970.8 points.
The index fell 0.6% on Wednesday, setting its lowest closing since April 2.
Currently, the index of the index is only one step away from the key psychological threshold 6,000 points. The index has fallen for three weeks in the past five weeks as investors are disappointed that the RBA has kept its policy unchanged at its April meeting. The sluggish data in China and the weak domestic consumer confidence also bring pressure.
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