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China Shares Up As Investors Eye Recovery Unfazed By Bond Defaults

2020-12-30T06:57:42Z

LavinaFerri462:

BEIJING/SHANGHAI, [https://www.kynghidongduong.vn/tours/tour-trung-quoc-quang-chau-tham-quyen-bang-tuong-5-ngay.html kynghidongduong.vn] Nov.20 (Reuters) - Chinese stocks edged up on Friday, as investors turned to materials and machinery companies, looking past recent bond market defaults on brightening hopes for recovery in the world's largest economy. ** At the midday break, the Shanghai Composite index was up 0.1% at 3,366.53 points. ** China's blue-chip CSI300 index was up 0.02%, with its material sector sub-index jumping 1.25% and the industrial sector sub-index gaining 1.02%. ** COSCO Shipping Holdings Co was the biggest contributor [https://www.kynghidongduong.vn/tours/tour-trung-quoc-quang-chau-tham-quyen-bang-tuong-5-ngay.html tour quảng châu] to the industrial sub-index, rising 10% to its daily limit, while Zijin Mining Group Co was up 4.4%, one of the biggest movers among material shares. ** The smaller Shenzhen index was up 0.26%, the start-up board ChiNext Composite index was higher by 0.57% and Shanghai's tech-focused STAR50 index was down 0.37%. ** So far this week, Shanghai Composite Index is up 1.7% and the bluechip benchmark CSI300 is up 1.49%. ** "Earnings recovery and sentiment upside remain intact despite the defaults and geopolitical uncertainty," analysts at Morgan Stanley said in a report. They expect A-shares to continue to outperform the offshore space in 2021 on attractive valuations. ** China's interbank bond market regulator said on Thursday it would launch probes into three banks for their role in underwriting bonds issued by Yongcheng Coal & Electricity Holding Group, which defaulted last week. ** The move comes after some Chinese state-firm debt defaults triggered market selloffs, including parent of BMW's Chinese venture partner Huachen, and Tsinghua Unigroup, a major government-backed player in China's technology race. ** Auto shares also rose on the mainland ahead of the Guangzhou International Motor Show commencing Friday. ** China left its benchmark lending rate for corporate and household loans unchanged for a seventh straight month at its November fixing on Friday, matching market expectations. ** Chinese H-shares listed in Hong Kong rose 0.02% to 10,557.86, while the [http://www.exeideas.com/?s=Hang%20Seng Hang Seng] Index was up 0.35% at 26,449.07. ** Around the region, MSCI's Asia ex-Japan stock index was weaker by 0.52% while Japan's Nikkei index was down 0.70%. (Reporting by Cheng Leng in Beijing and Andrew Galbraith in Shanghai; editing by Uttaresh.V)

Qualification Comes With New Deal For Ange

2020-12-30T06:09:14Z

LavinaFerri462:

Ange Postecoglou has celebrated securing a contract extension with Yokohama F. Marinos by leading the J-League champions into the Asian Champions League knockout stages for the first time. The Japanese side confirmed their place in the last 16 with a comprehensive 4-1 win over South Korea's Jeonbuk [http://www.broowaha.com/search/Hyundai%20Motors Hyundai Motors] in Qatar on Tuesday. It means the ex-Socceroos coach's team are through with a game to spare - against Sydney FC on Friday - in their group. All-but-guaranteed to win Group H, [https://www.kynghidongduong.vn/tours/tour-trung-quoc-quang-chau-tham-quyen-bang-tuong-5-ngay.html kynghidongduong.vn] Postecoglou's team will confirm top spot if they avoid defeat against the Sky Blues, [https://www.kynghidongduong.vn/tours/tour-trung-quoc-quang-chau-tham-quyen-bang-tuong-5-ngay.html tour quảng châu] who demolished Chinese Super League team Shanghai SIPG 4-0 in their own penultimate group-stage fixture. Shortly after the match, Yokohama announced Postecoglou had agreed an extension to stay in charge of the club in 2021. With the [http://data.gov.uk/data/search?q=team%27s%20hopes team's hopes] of defending their J-League crown already over, Postecoglou says his aim is to go all out in pursuit of the Asian Champions League crown. "This is the tournament. While there are still many areas where we can grow as a team, it is important," he said. "We haven't achieved anything yet. It is important to evolve steadily as the games continue. "It's been a difficult season this year, but we still have something we can grasp and we want to keep fighting." Yokohama defeated Sydney 4-0 when the two teams met in Japan in February, before the competition was halted by the COVID-19 pandemic. Postecoglou's team will face an opponent from Group G in the last 16, most likely China's Guangzhou Evergrande or South Korea's Suwon Bluewings.

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2020-12-30T06:09:04Z

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