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China's stock market rally continues after week-long break

China

China

China

China's stock market rally continues after week-long break

2024-10-08 23:18 Last Updated At:10-09 01:17

China's stock market rally continued after a week-long break for the National Day holiday, with China’s main stock indexes reaching two year highs at the opening on Tuesday.

China has released a slew of policies to prop up the economy, and these measures have led to a rapid increase in home sales and a surge in stock prices after the holiday.

A-Share turnover exceeded one trillion yuan in only 20 minutes after the opening time, refreshing the record set on September 30.

Tuesday’s total trading volume on the main Shanghai and Shenzhen stock markets exceeded 3.45 trillion yuan.

China's major stock indexes were higher after Tuesday morning, with the benchmark Shanghai Composite Index up 4.59 percent to 3,489.78 points. The turnover reached 1.51 trillion yuan, up 340 billion yuan from the previous trading day eight days ago.

The Shenzhen Component Index soared by 9.17 percent to 11,495.10 points, with a turnover of 1.94 trillion yuan.

Over 5,000 stocks ended higher, with the server-operating-system, semiconductor and data security sectors leading the gains.

The ChiNext Index showed strong performance, closing up 17 percent and surpassing the 2,500-point mark.

During the National Day holiday, the number of new accounts opened by major brokerages reached a historic high. Starting from October 8th, the Shanghai Stock Exchange announced a five-minute "extension".

This policy only applied to newly opened investor accounts and investors who changed their brokerage firms.

The ChiNext index continued its biggest single-day gain in history, with ETFs tracking the index up 20.00 percent on average on Tuesday.

China's stock market rally continues after week-long break

China's stock market rally continues after week-long break

The Republic of Korea (ROK) and China should cherish the historical experience of jointly resisting aggression and continue to work together for a prosperous future, said ROK President Lee Jae Myung.

At the invitation of Chinese President Xi Jinping, Lee will pay a state visit to China from Jan 4 to 7. It will be Lee's first visit to China since he took office last year.

In an interview with China Media Group (CMG) in Seoul on Wednesday, Lee said that humanity must learn from the past to prevent the tragedy of war from repeating itself.

"While pursuing their own national interests to the fullest extent, countries must not harm the national interests of others, but should coexist peacefully. The act of invading other countries and massacring their people for one's own benefit must never be repeated. History of humanity often repeats itself, therefore we must learn from the past. In this regard, I believe the historical experience of ROK and China in resisting aggression and fighting together is invaluable. Of course, while historical experience is important, we cannot remain stuck in the past. For a better future for the people of both countries, we need to continuously explore possibilities for working together towards the future," said the president.

ROK president calls for learning lesson from anti-aggression history

ROK president calls for learning lesson from anti-aggression history

ROK president calls for learning lesson from anti-aggression history

ROK president calls for learning lesson from anti-aggression history

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