Chinese Shares End Higher; Coal Producers, Renewable-Energy Companies Gain -- Market Talk
Chinese Shares End Higher; Coal Producers, Renewable-Energy Companies Gain -- Market Talk
0720 GMT - Chinese shares closed higher with coal and renewable-energy companies rising. Renewable-energy companies are facing tailwinds from continued policy support as China seeks to decarbonize. LONGi Green Energy Technology was 3.6% higher, China Three Gorges Renewables rose 2.3% and China Yangtze Power advanced 0.7%. Coal producers, on the other hand, are likely benefiting from high coal prices as the country faces an energy crunch. Yanzhou Coal Mining added 7.7% while China Shenhua Energy rose 3.9%. The Shanghai Composite Index ended 0.4% higher at 3572.37, the Shenzhen Composite Index gained 0.1% at 2400.52 while the ChiNext Price Index rose 1.9% to 3276.32. (yongchang.chin@wsj.com)
0720GMT-中國股市收盤走高，煤炭和可再生能源公司上漲。隨着中國尋求脱碳，可再生能源公司正面臨持續政策支持的順風。龍利綠色能源科技上漲3.6%，中國三峽可再生能源上漲2.3%，中國長江電力上漲0.7%。另一方面，隨着中國面臨能源緊縮，煤炭生產商可能會受益於高煤價。兗州煤業上漲7.7%，中國神華上漲3.9%。上證綜指收於3572.37點，漲幅0.4%；深證綜指收於2400.52點，漲幅0.1%；創業板價格指數收於3276.32點，漲幅1.9%。(yongchang.chin@wsj.com)