Every year in early autumn Apple holds its event where it presents new iPhones, Apple Watches, and iPads. This year wasn’t an exclusion. But yesterday’s presentation didn’t result in Apple stock growth, and here’s why.
Chinese and Hong Kong equities rally amid receding worries of a trade war
On Tuesday, the Chinese stock market demonstrated a considerable soar in the results of the trading session in the face of hopes that the resumption of talks between China and the United States will help to avert a trade war.
The CSI300 index, tracking the value of securities of the leading companies traded in Shanghai and Shenzhen, headed north 1.2% getting to 3,878.82. The Shanghai Stock Exchange's Shanghai Composite Index soared 0.8%, concluding at 3.161.59.
The subindex of the financial sector CSI300 soared by 1.67%, the consumer sector leapt 1.12%, the real estate sector gained by 2.47% and the healthcare sector slumped by 0.17%.
The smaller Shenzhen index concluded with a 0.77% soar, and the index of startups ChiNext Composite inched up 0.25%.
The largest percentage jump in the Shanghai Composite index was demonstrated by the equities of Beijing Aerospace Changfeng Co Ltd – they inched up by 10.03%. Kunshan Kersen Science & Technology Co Ltd and Chemistry Engineering Co Ltd soared 10.03%.
Aurora Optoelectronics Co Ltd declined 10%. Besides this Jiangsu Lugang Culture Co Ltd and JDM JingDa Machine Ningbo Co Ltd went down respectively 9.92 and 6.07%.
The Hong Kong stock market concluded today's trading also on positive territory that was facilitated by a weakening of worries as for the beginning of a full-scale trade war.
The index of Hong Kong Stock Exchange Hang Seng inched up by 1.4% hitting 30,402.81. Additionally, the index of Chinese companies traded in Hong Kong, rallied 1.5%, ending up with 12.144.79.
Subindex, which tracks equities of energy companies as part of Hang Seng, tacked on by 0.1%, while the information technology sector soared 2.64%. In addition to this, the financial sector rallied 1.29%, while the real estate sector acquired 1.34%.
Richard Branson offloaded nearly 10 million shares, which equals about 4% of the Virgin Galactic stock, leaving him with an 18% stake.
Today at 00:00 GMT+3 SPCE will present the second quarter 2021 financial results. We will get to know everything about the company's financial condition and plans.
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