China shares end lower as losses in tech stocks offset auto gains Reuters 2/3/2021 China reports fewest daily new COVID-19 cases in more than a month
BEIJING, Feb 3 (Reuters) - China shares ended lower on Wednesday, as profit-taking in tech stocks with high valuations outweighed gains in automakers on expectations of strong sales growth this year. At the close, the Shanghai Composite index fell 0.46% to 3,517.31 and the blue-chip CSI300 index shed 0.29%. The CSI300 IT index lost 3.4%, while the STAR50 index tracking Shanghai s tech-focused STAR Board, fell 1.9%. The auto sector sub-index surged 5.4%, the consumer staples sector was up 1.1%, while the healthcare sub-index gained 0.9%. Chongqing Changan Automobile Co Ltd reported a growth of 87.2% in its January vehicle sales from a year ago, while the country s industry association forecast a 4% rise in total annual vehicle sales for 2021 at 26.3 million units.
China sees fewest daily new COVID-19 cases in more than a month Auto shares lead gains backed by strong sales growth
BEIJING, Feb 3 (Reuters) - China shares rose on Wednesday, boosted by automobile makers that gained on expectations of strong sales growth this year and easing concerns about COVID-19 outbreak after daily new cases dropped to their lowest in more than a month. At the midday break, the Shanghai Composite index was up 0.2% at 3,540.65 and the blue-chip CSI300 index was up 0.51%. Leading the gains, the auto sector sub-index surged 5.5%, the rare earth sector gained 3.7% and the healthcare sub-index was up 2.13%.
Nov. 2020 update: sales of Chinese mainstream automobile groups
Monika From Gasgoo
| December 15 , 2020
Shanghai (Gasgoo)- China auto sales reached 2.77 million units in Nov., growing 12.6% from a year earlier and showing year-on-year increase for the eighth month in a row, according to the China Association of Automobile Manufacturers (CAAM).
Mainstream automobile groups in China continued sales rebound last month. The companies hereby listed all achieved growth, some of which, such as GAC group, Changan Auto, Geely Auto and JAC Motors, have gained growth for eight straight months.
Notably, Great Wall Motor recorded this year s first-time growth in year-to-date sales.
SAIC Motor scores YoY sales growth for six straight months