国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Finance

Stocks climb as US Senate calls for more say on tariffs

By Cai Xiao and Zhou Lanxu | China Daily | Updated: 2018-07-13 13:05
Share
Share - WeChat
Investors sit in front of an electronic stock board at a securities brokerage in Shanghai, June 9, 2017. [Photo/VCG]

Stocks on the Chinese mainland rose on Thursday, reversing Wednesday's slump, as the US Senate overwhelmingly passed a resolution curtailing US President Donald Trump's power to impose tariffs and China's central bank set a stronger daily currency fixing than traders had expected.

The Shanghai Composite Index climbed 2.16 percent at the close to 2837.66 points, notching up its second 2 percent plus move this week.

The Shenzhen Component Index closed 2.77 percent higher at 9273.61 points. The ChiNext Index, which tracks China's growth enterprises board, jumped 3.30 percent to close at 1614.63 points.

At close, a total of 3,243 A-shares ended up on Thursday, while 97 shares ended lower. In contrast, just 358 stocks rose on Wednesday.

Technology stocks placed gains after Chinese telecoms equipment maker ZTE Corp signed a deal with the US Commerce Department to resume doing business with US suppliers. ZTE soared by the daily limit of 10 percent as soon as trading started on Thursday.

Besides ZTE, another eight communication equipment stocks hit daily increase limits, including Eoptolink Technology Inc Ltd, T&S Communications Co Ltd and Jiangsu Zhongtian Technology Co Ltd.

Electronics, securities, pharmaceutical and liquor shares also saw strong gains.

"Thursday's stock market rose as the US Senate took the first step to rein in the president's abuse of trade authority by using national security as justification to levy tariffs," said Dong Dengxin, a finance professor at the Wuhan University of Science and Technology.

In an 88-11 vote on Wednesday, the US Senate approved a symbolic motion backing a role for Congress in requiring tariffs based on national security, such as those Trump imposed on steel and aluminum imports and is contemplating doing the same for autos. The vote came a day after the administration said it would impose a new round of 10 percent tariffs on $200 billion worth of Chinese goods.

Liu Feng, chief economist at China Galaxy Securities Co Ltd, said the trade conflict is expected to ease as the Trump administration would not want to bear the huge pressure from US citizens and large companies.

The offshore yuan traded at 6.6766 per dollar after falling to 6.7249 overnight. The People's Bank of China set the daily reference rate at 6.6726, stronger than estimates compiled by Bloomberg. The onshore currency climbed 0.2 percent.

Top
BACK TO THE TOP
English
Copyright 1994 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
山东省| 大同市| 来凤县| 当阳市| 阿荣旗| 通海县| 武夷山市| 东乡| 虞城县| 霸州市| 那坡县| 吉木乃县| 巫山县| 棋牌| 长沙县| 玉门市| 苏尼特左旗| 常州市| 荆门市| 加查县| 无极县| 襄城县| 田东县| 琼中| 陈巴尔虎旗| 丰原市| 乌拉特后旗| 望城县| 申扎县| 土默特左旗| 兰考县| 古丈县| 崇左市| 金塔县| 宝鸡市| 永寿县| 巩留县| 景东| 白河县| 礼泉县| 托克逊县|