Happy Year of the Rabbit! 🐇 Chinese markets kicked off the lunar new year with a bang on Monday, painting the town red (in a good way!).
The Shanghai Composite Index jumped 1.56%, landing at 2,910.54 points. Not to be outdone, the Shenzhen Component Index climbed 0.93% to close at 8,902.33 points. Talk about starting the year on the right foot!
Trading was buzzing, with a whopping 957.2 billion yuan (that's about $134.76 billion) changing hands. Over 4,200 shares soared higher, and get this—270 of them hit the daily limit up! 🚀
So, what's hot right now? Education and the new AI model \"Sora\" are stealing the spotlight. These sectors led the gains, catching the eyes of investors hungry for innovation. 🎓🤖
On the flip side, stocks tied to securities and pork took a bit of a tumble. 🐖📉 But hey, you win some, you lose some, right?
Meanwhile, the ChiNext Index—which is kind of like China's own Nasdaq for growth enterprises—grew by 1.13% to finish at 1,746.42 points. Not too shabby!
All in all, a promising start to the lunar new year for Chinese markets. Keep an eye on these trends, folks—2023 might just be full of surprises! 🎉
Reference(s):
Chinese shares close higher on first trading day of Chinese New Year
cgtn.com
