First trading in Shanghai stock market for the first time in about eight months 18:37 on January 2
The first stock exchange in Shanghai, China, took place on the 2nd. The closing price of a typical stock index rose more than 1.1% compared to the end of last year, reaching the highest level in about eight months on the back of expectations for progress in trade negotiations with the United States.
China's Shanghai stock market was traded for the first time on the 2nd after the Chinese central bank announced on January 1 that it would reduce the deposit reserve ratio of financial institutions in order to support small businesses. It was almost completely bought right after the start.
As a result, the closing price of the representative index, the “Comprehensive Index,” was 3085.2 points, up 1.15% from the end of last year and the highest level in about eight months since the end of April last year. Market officials say that expectations for progress in trade negotiations with the United States also helped boost share prices.
Regarding the outlook for the Shanghai stock market, Shoji Sakai, director of Okasan Securities Shanghai Representative Office, said, "In the mouse year, it is said that the stock market will fluctuate up and down as the mouse moves around a little. We believe that the US-China issue is heading for improvement, and that corporate performance is improving as a source of buying for investors. "
Shanghai stock investors
An investor woman said, "I like today's stock price. I want to make it, so I hope the stock price gets higher."
Another woman said, "I'm also a mouse year, so I want the stock price of Kotoshi to rise steadily so that the mouse jumps."