Shanghai and Other Chinese Stock Markets Reach Highest Level in 10 Years on the 20th

[Financial News] The Chinese stock market closed higher on the 20th, recording the highest level in about 10 years.
On this day, the Shanghai Composite Index closed at 3766.21, up 1.04% from the previous day.
The Shenzhen Component Index rose 0.89% to 11926.74 compared to the previous session, and the ChiNext, known as the 'Chinese Nasdaq', rose 0.23% to 2607.65.
Starting at 3716.68, down 0.28% from the previous day, the Shanghai Composite Index fluctuated in the morning session and showed an overall upward trend in the afternoon session, closing higher.
The Shanghai Composite Index hit the highest level since August 19, 2015, on the 18th and broke it again on this day.
This stock market rally is analyzed to be due to the weakening investment appeal of bond products, leading to a reflow of funds into the stock market.
The trading volume in Shanghai and Shenzhen recorded 2.4082 trillion yuan, which was lower than the previous day but remained at a high level.
In the market on this day, securities, liquor, and semiconductors showed strength, while rare earths and mountain herbs showed weakness. 


june@fnnews.com Lee Seok-woo Reporter