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A stock market is closed, but A stock etf is still soaring!
"Bets on China" trades are hot, with funds flowing continuously from A-shares during holidays to Hong Kong, US-related ETFs. The ChinaAMC STAR50 ETF listed in Hong Kong once rose over 200%, with many Chinese concept stock ETFs soaring together. Market observers have noticed that funds from other regions in Asia are flowing back into the Chinese stock market.
Contemporary Amperex Technology's headquarters Z base caught fire. Previously named as the world's first 'lighthouse factory' in the lithium battery industry.
1. Today at noon, a fire broke out at the Z base factory at the headquarters of contemporary amperex technology; 2. As of around 17:30 in the afternoon, the fire has been preliminarily controlled; 3. Earlier, the Z base was rated as the world's first 'lighthouse factory' in the lithium battery industry.
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Goldman Sachs: The short-term reduction in production by Contemporary Amperex Technology may cause lithium prices to bottom out, but the overall prospects for the lithium cycle are still very negative.
Goldman Sachs analysts Trina Chen and Joy Zhang said in a client report on Thursday that Ningde Times' production cuts may provide a 'short-term' bottom for lithium prices in the years-long bear market, temporarily alleviating concerns of oversupply. However, they emphasized that the overall outlook for the lithium cycle remains very 'negative'.