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        China's main stock index rebounded to close higher


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China's stock market reversed gains on Thursday, with technology stocks leading the way. As the Sino-US trade war continues, the Chinese authorities are striving for scientific and technological independence.
The Shanghai-Shenzhen 300 index. CSI300 closed up 0.3% at 3,694.00 and the Shanghai Composite Index. SSEC rose 0.3% to 2,815.80.
Major stock indexes fell sharply in the opening session, following the overnight U.S. stock market downturn. U.S. stocks fell after the first upside-down of the two-year to 10-year Treasury yield curve in 12 years.
The stock market then reversed its trend, led by the rise in technology stocks, and the GEM index closed up 1.2%, reversing its earlier decline of 2%.
China Securities Information Technology Index (CITI) rose 2.0%, referring to telecommunications rose 1.6%.
Bohai Securities said in its report that the upside-down curve of U.S. Treasury bond yields bodes well for China's core assets, as China has relatively large room for interest rate manipulation, strong domestic production and consumption, independent markets and policies, and the government has further accelerated reform and opening up.
The brokerage also said that China's bond and stock markets are expected to turn bullish, driven by domestic and foreign funds.
Real estate stocks also brought some support, after data showed that China's housing prices rose moderately.
The Shanghai-Shenzhen 300 real estate index closed up 0.2% and the 2.6% decline in the closing session rose.


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