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CHINA PRESS: China's Stock Market Rally To Continue

CHINA PRESS
EM BulletAPACChinaEmerging Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets

China’s AI and tech sector led stock market recovery was further consolidated by rising consumption and financial stocks since March, a trend expected to continue fuelling asset revaluation going forwards, Shanghai Securities News reported. Domestic investors have increased their total number of newly opened A-share accounts to 2.84 million in February, up from 1.57 million in January, the newspaper said, noting foreign capital also flowed in. The total market value of A-share listed companies reached a record high of CNY103.3 trillion as of Tuesday, the newspaper added.

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China’s AI and tech sector led stock market recovery was further consolidated by rising consumption and financial stocks since March, a trend expected to continue fuelling asset revaluation going forwards, Shanghai Securities News reported. Domestic investors have increased their total number of newly opened A-share accounts to 2.84 million in February, up from 1.57 million in January, the newspaper said, noting foreign capital also flowed in. The total market value of A-share listed companies reached a record high of CNY103.3 trillion as of Tuesday, the newspaper added.