Insurers Lead Surging Chinese Markets Into Lunchtime
Dou Shicong
DATE:  Jul 03 2020
/ SOURCE:  Yicai
Insurers Lead Surging Chinese Markets Into Lunchtime Insurers Lead Surging Chinese Markets Into Lunchtime

(Yicai Global) July 3 -- China's mainland stock markets went higher in the morning session while Shanghai's main board surpassed 3,120. Shenzhen's tech board covered its morning losses.

The Shanghai Composite Index closed 1.04 percent higher at 3,122.56. The Shenzhen Component Index was at 12,353.08, up 0.68 percent. The ChiNext Price Index, which tracks growth enterprises in Shenzhen, climbed 1.26 percent to 2,455.05.

Insurance companies were the biggest gainers, including state-owned China Life Insurance [SHA:601628] that jumped 7.1 percent. Hotel operators, security brokers, and energy firms also logged higher stock prices.

Editor: Emmi Laine

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