Core Points - The Chinese A-shares continued to rise on August 12, with major indices collectively moving upward, marking a new annual closing high for the Shanghai Composite Index [1] - The Shanghai Composite Index closed at 3665 points, up 0.5%; the Shenzhen Component Index closed at 11351 points, up 0.53%; and the ChiNext Index closed at 2409 points, up 1.24% [1] - The total trading volume in the Shanghai and Shenzhen markets reached approximately 188.15 billion RMB, an increase of about 54.5 billion RMB compared to the previous trading day [1] Economic Context - On August 12, a joint statement was released from the US and China regarding the Stockholm Economic and Trade Talks, where the US committed to adjusting tariffs on Chinese goods, including those from Hong Kong and Macau, by suspending the implementation of a 24% reciprocal tariff for 90 days [1] - China also agreed to suspend the implementation of a 24% tariff on US goods and related non-tariff countermeasures for the same duration [1] - Analysts suggest that the temporary easing of US-China trade relations is likely to enhance market risk appetite, positively impacting the sentiment towards A-shares [1] Sector Performance - Financial sectors performed notably well on the same day, with multi-financial and insurance sectors rising by 2.29% and 1.1% respectively, leading the gains among all industry sectors [1] - The multi-financial sector was highlighted as the top performer across A-share industries [1]
A股周二上涨 金融板块表现亮眼
Zhong Guo Xin Wen Wang·2025-08-12 11:48