Looking for the latest GovCon News? Check out our story: Arlington Capital Forms New Aerostructure Components Manufacturing Brand Verus Aerospace. Click to read more!
Verus is comprised of existing Arlington-backed companies Perfekta, Precision Machine Works, Arden Engineering, Premier Processing and Quality Forming.
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The Mainland China share market spurted on Tuesday, 25 May 2021, amid reports of vaccination progress drive, with shares in financials being notable gains after Shanghai announced plans to establish itself as an asset management hub.
At closing bell, the benchmark Shanghai Composite Index surged 2.4%, or 84.06 points, to 3,581.34. The Shenzhen Composite Index, which tracks stocks on China s second exchange, spurted 1.91%, or 44.68 points, to 2,381.93. The blue-chip CSI300 index climbed up 3.16%, or 162.89 points, to 5,318.48.
Top performing sectors in the Shanghai Stock Exchange were Travel Agencies (up 5.86%), Financial Exchanges & Data (up 5.34%), White Liquor (up 4.93%), Investment Banking & Brokerage (up 4.88%), and Aerospace & Defense (4.82%), while worst performing sectors were Real Estate Management & Services (down 4.64%), Health Care Distributors (down 3.96%), Forest Products (down 2.78%), Garden Engineering (1.82%), and Heating or Other Utilities (down 1.75%).