Market Outlook- 13 July 2021

China's stock market rose after the country's central Shenhua Energy fell 3.03 percent, Gemdale rose reduced the sum of funds commercial lenders must set 0.50 percent, Poly Developments fell 1.31 percent, China aside as reserves in order to maintain the country's fell 1.00 percent, and China Minsheng Bank recovery from the pandemic. remained unchanged

Following varied results from banking equities, property China will announce June imports, exports, and trade stocks, and resource businesses, the SCI finished balance numbers on Tuesday, signaling a slow day for Asia- marginally higher on Monday. Pacific economic activity.

The Shanghai Composite index rose 23.75 points, or 0.67 Imports are predicted to increase by 30.0 percent year over percent, to 3,547.84, while the Hang Seng index in Hong year, following a 51.1 percent increase in May. Exports are Kong rose 170.70 points, or 0.62 percent, to 27,515.24. expected to rise by 23.1 percent on an annual basis, down from 27.9 percent the previous month. The current account Industrial and Commercial was down surplus is $44.2 billion, down from $45.53 billion a month 1.65%, while Bank of China was down 0.33 percent, ago. was down 1.54 percent, was up 1.00 percent, Bank of According to UBS Asset Management, China's surprising Communications was down 0.62 percent, dovish tilt last week is simply a prelude to an interest-rate decrease as economic growth begins to decline China Life Insurance was down 1.21 percent, Jiangxi significantly, a prognosis that runs counter to the Copper was up 0.86 percent, and China Life Insurance mainstream opinion. was down 1.21 percent. Aluminum Corp of China (Chalco) fell 2.05 percent, Yanzhou Coal fell 2.59 percent, PetroChina fell 1.20 percent, China Petroleum and Chemical () dropped 0.71 percent,

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Top Gainers Top Losers

Company Last Price Change% Company Last Price Change%

Zhejiang Guangsha Co Ltd ¥3.59 +10.12% Ningbo Sanxing Medical Electric Co Ltd ¥17.71 -10.01%

Inner Mongolia BaoTou Shanghai Putailai New ¥2.180 Steel Union Co Ltd +10.10% Energy Technology Co Ltd ¥157.66 -10.00% Class A

Guilin Fuda Co Ltd ¥7.87 +10.07% Huada Automotive Technology Co Ltd ¥16.41 -8.27%

Clenergy Xiamen ¥12.05 +10.05% Fuzhou Rockchip Technology Co Ltd Electronics Co Ltd ¥132.93 -7.95%

Shanghai Lujiazui Finance Ningbo Tuopu Group Co & Trade Zone ¥15.35 +10.04% ¥32.62 -7.67% Development Co Ltd A Ltd Market Outlook- 13 July 2021

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