The Shanghai Composite Index fluctuated higher, the innovative drug sector was active, the Hang Seng Index rose nearly 1%, CATL's Hong Kong stock market rose more than 10% on the first day of listing, and treasury bonds rose across the board

Source: Wall Street News

On Tuesday, May 20, A-shares opened slightly higher, the Shanghai Composite Index fluctuated and rose, and innovative drugs and large consumer sectors ranked among the top gainers. The Hang Seng Index and Hengke Index of Hong Kong stocks also opened higher, and CATL opened 12.5% higher on the first day of the previous day. In terms of commodities, domestic commodity futures have mixed fluctuations. In terms of bond market, treasury bond futures rose collectively. Core market trends:

A-shares: As of press time, the Shanghai Composite Index rose 0.10%, the Shenzhen Component Index fell 0.08%, and the ChiNext Index fell 0.12%.

Hong Kong Stocks: As of press time, the Hang Seng Index rose 0.94%, and the Hang Seng Index rose 0.84%.

Bond market: Most Treasury bond futures rose, with the 30-year main contract rising by 0.23%, the 10-year main contract rising by 0.11%, the 5-year main contract rising by 0.08%, and the 2-year main contract rising by 0.04%.

On the news, according to Xinhua News Agency, on May 20, the new loan market quotation rate (LPR) was released. Both the 1-year and 5-year LPR fell by 10 basis points, the 1-year LPR dropped to 3%, and the 5-year LPR dropped to 3.5%. This is the first drop in LPR this year, which will further reduce the financing costs of enterprises and residents, boost market confidence, and support the stable growth of the real economy.

【09:55】

Large consumer stocks strengthened again, and many other stocks such as beauty care, pet economy, and third-child products performed actively. Lafang Jiahua, Beibeimei, You'a Co., Ltd., Lirenlizhuang, and Langsha Co., Ltd. hit the daily limit, and Yuanfei Pet, Yiyi Co., Ltd., Huaye Spices, Yiming Food, Shanghai Jiahua and other stocks fell by more than 5%.

【09:39】

Mergers and acquisitions and restructuring and venture capital concepts continue to be strong, and Jinlihuadian has emerged from 20CM2 consecutive boards. Previously, Huibo Yuntong, Tianqi Model, Variety Show Shares, Jiuding Investment and Airport Shares hit the daily limit, and Jiahe Technology hit the daily limit of 30CM.

On the news front, on May 16, the China Securities Regulatory Commission issued the "Decision on Amending the Management Measures for Major Asset Restructuring of Listed Companies", encouraging private equity funds to participate in mergers and acquisitions and restructuring of listed companies.

【09:36】

Maritime stocks fell sharply, Air China Ocean Shipping fell more than 10%, Ningbo Ocean Shipping fell more than 9%, and Huaguang Yuanhai and Phoenix Shipping fell more than 7%.

【09:33】

The concept of innovative drugs rose at the beginning of the session, Huahai Pharmaceutical hit the daily limit, Shutaishen and Yifang Bio rose by more than 7%, and Yifan Pharmaceutical, Kaiyin Technology, Kelun Pharmaceutical and others followed suit.

【09:20】

CATL opened 12.55% higher on the first day of the previous day. The Hang Seng Index opened 0.28% higher, and the Hang Seng Technology Index opened 0.22% higher. Alibaba Health fell by more than 3%, while Xiaomi rose by more than 1%.

【09:00】

Domestic commodity futures opened in the early trading, with each other rising and falling. Alumina and asphalt rose by more than 1%, while palm oil, cotton yarn, etc. rose slightly. PX, SS, etc. fell by more than 1%, while soda ash, bean second fell slightly.

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