SHANGHAI :
Gold Price Rally Leads Chinese Stocks to Open Higher
Dou Shicong
DATE:  Jul 28 2020
/ SOURCE:  Yicai
Gold Price Rally Leads Chinese Stocks to Open Higher Gold Price Rally Leads Chinese Stocks to Open Higher

(Yicai Global) July 28 -- China's mainland stock markets started the day buoyant with the tailwinds of gold-related shares that continued their strong performance as the price of the precious metal reached another historic high.

The Shanghai Composite Index opened 0.65 percent higher at 3,226.13. The Shenzhen Component Index was at 13,107.43, up 1.01 percent. The ChiNext Price Index, which tracks growth enterprises in Shenzhen, rose 1.39 percent to 2,668.25.

China's gold sector opened nearly 4 percent higher, led by Yuguang Gold & Lead [SHA:600531] that hit the 10-percent limit-up for the third straight trading day. After yesterday's peak, the spot gold price notched another all-time high this morning, namely USD1,981 per ounce.

Editor: Emmi Laine

 

 

 

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Keywords:   Shanghai Composite Index,Shenzhen Component Index,ChiNext Price Index