share_log

Chinese Stocks Rise as Renewable Energy, Coal Companies Gain -- Market Talk

Dow Jones Newswires ·  Oct 18, 2021 22:02

0200 GMT - Chinese stocks rise, driven by gains in renewable-energy companies and coal producers. The benchmark Shanghai Composite Index is 0.4% higher at 3581.27 and Shenzhen Composite Index adds 0.4% to 2412.28. The ChiNext Price Index--a measure for emerging industries and startups--advances 0.3%. Renewable-energy shares are supported by China's continued support for the sector that includes solar and wind. LONGi Green Energy Technology gains 1.0% and Arctech Solar Holding rises 3.1%. Meanwhile, coal producers should benefit from high coal prices during an ongoing energy crunch. China Shenhua Energy climbs 1.6% and Yanzhou Coal Mining jumps 1.3%. (yongchang.chin@wsj.com)

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment