The two cities were weak at the beginning of the session, and the environmental protection sector led the decline.
Affected by the sharp fall in the US stock market overnight, and the callback demand after yesterday's surge, both Shanghai and Shenzhen stocks opened lower, maintaining a weak shock at the beginning of the session. As of 9:57, the Shanghai Composite Index fell 2,720.26 points, down 0.72%; At 9797.18 points, it fell 0.53%.
On the plate, most sectors fell. Coal, environmental protection, electricity, cement, media, and non-ferrous metals were among the top losers. Pesticide fertilizers, oil, textiles, home appliances, and securities banks also fell sharply. The concept of gold, military aerospace, railway infrastructure led the decline in stocks. Furniture, medical equipment, bio-pharmaceuticals, and real estate are slightly stronger.
In the news, the People's Bank of China released data yesterday, showing that RMB loans increased by 793.2 billion yuan in May, an increase of 241.6 billion yuan year-on-year, exceeding market expectations. In the month, RMB deposits increased by 1.22 trillion yuan, an increase of 11.43 billion yuan year-on-year.
At the same time, the data released by the Ministry of Finance yesterday showed that the national fiscal revenue in May was 10.5 billion yuan, an increase of 139.3 billion yuan, an increase of 13.1%. In May, the stamp duty income from securities transactions was 3.2 billion yuan, a decrease of 300 million yuan year-on-year, down 7.3%. The growth of fiscal revenue in May rebounded from the previous month. The Ministry of Finance explained that this was mainly due to the increase in corporate income tax in the banking industry after the settlement of the previous year. If this factor is removed, the fiscal revenue will increase by about 5% in the month, and the tax revenue will increase by about 4%.
On Monday, the US stock market opened higher and lower, eventually closing sharply. The Dow closed down 1.14%, the Nasdaq fell 1.70%, and the S&P fell 1.26%. Spain’s search for financial assistance for its banks failed to dispel the market’s concerns about the eurozone debt crisis. The focus of the market shifts to the upcoming Greek election.
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