Chinese Shares End Higher; Coal Producers, Renewable-Energy Companies Gain -- Market Talk
Chinese Shares End Higher; Coal Producers, Renewable-Energy Companies Gain -- Market Talk
0720 GMT - Chinese shares closed higher with coal and renewable-energy companies rising. Renewable-energy companies are facing tailwinds from continued policy support as China seeks to decarbonize. LONGi Green Energy Technology was 3.6% higher, China Three Gorges Renewables rose 2.3% and China Yangtze Power advanced 0.7%. Coal producers, on the other hand, are likely benefiting from high coal prices as the country faces an energy crunch. Yanzhou Coal Mining added 7.7% while China Shenhua Energy rose 3.9%. The Shanghai Composite Index ended 0.4% higher at 3572.37, the Shenzhen Composite Index gained 0.1% at 2400.52 while the ChiNext Price Index rose 1.9% to 3276.32. (yongchang.chin@wsj.com)
0720GMT-中国股市收盘走高，煤炭和可再生能源公司上涨。随着中国寻求脱碳，可再生能源公司正面临持续政策支持的顺风。龙利绿色能源科技上涨3.6%，中国三峡可再生能源上涨2.3%，中国长江电力上涨0.7%。另一方面，随着中国面临能源紧缩，煤炭生产商可能会受益于高煤价。兖州煤业上涨7.7%，中国神华上涨3.9%。上证综指收于3572.37点，涨幅0.4%；深证综指收于2400.52点，涨幅0.1%；创业板价格指数收于3276.32点，涨幅1.9%。(yongchang.chin@wsj.com)