Star 50 Ends Higher as Other Chinese Stock Indexes Fall
Tang Shihua
DATE:  Jan 14 2021
/ SOURCE:  Yicai
Star 50 Ends Higher as Other Chinese Stock Indexes Fall Star 50 Ends Higher as Other Chinese Stock Indexes Fall

(Yicai Global) Jan. 14 -- With the exception of the Star Market Board 50 Index, China’s mainland stock benchmarks closed lower today.

The Star 50 Index, which gauges the performance of the Star Market, the Shanghai Stock Exchange’s science and technology board, finished 2.83 percent higher at 1,447.27, after earlier climbing as much as 5 percent.

A number of high-profile Chinese tech companies, including Lenovo Group and artificial intelligence unicorn Megvii Technology, plan to list on the Nasdaq-like board, which opened for trading in July 2019, it was announced this week.

Markets had started out lower today, before climbing on strong trade figures, only to retreat again in the afternoon.

The Shanghai Composite Index closed 0.91 percent down at 3,565.90, while the Shenzhen Component Index fell 1.92 percent to 15,070.13.

China’s trade surplus jumped 67 percent in December from a year earlier, setting a monthly record high of USD78.2 billion, as exports rose for the seventh month in a row, data published by the General Administration of Customs showed.

Editor: Emmi Laine

Follow Yicai Global on
Keywords:   Stock Market,Market Close