China has announced that its Consumer Price Index (CPI) rose by 1% YoY in March, a growth rate slowing by 0.3 ppts from February. The SSE Composite Index (SHCOMP) ended the day at 3,986, up 20 points or 0.5%, with turnover of RMB955.7 billion. The SZSE Component Index grew by 313 points or 2.2% to close at 14,309, with turnover of RMB1.37 trillion. The ChiNext Index closed at 3,448, up 125 points or 3.8%, with turnover of RMB647.9 billion.Brokers were favored today. CITIC SECURITIES (600030.SH) +1.750 (+7.246%) spiked 7.3%. GUOTAI HAITONG (601211.SH) +0.690 (+4.200%) swelled 4.2%. CHINA GALAXY (601881.SH) +0.350 (+2.765%) and CICC (601995.SH) +0.690 (+2.126%) climbed 2.8% and 2.1%.Related NewsPPI YoY for Mar in China is 0.5%, higher than the previous value of -0.9%. The forecast was 0.4%.Memory chip stocks rallied after midday. TECHWINSEMI (001309.SZ) +40.660 (+10.000%) hit the day's limit. BIWIN STORAGE (688525.SH) +13.990 (+6.149%) , GIGADEVICE (603986.SZ), and LONGSYS (301308.SZ) +15.800 (+4.854%) soared 4.9-6.2%.Lithium stocks trended higher. SUNWODA (300207.SZ) +3.670 (+14.704%) skyrocketed 14.7%. CATL (300750.SZ) +26.010 (+6.669%) leaped 6.7%. EVE ENERGY (300014.SZ) +3.970 (+6.097%) ballooned 6.1%. GANFENG LITHIUM (002460.SZ) +2.970 (+3.666%) and TIANQI LITHIUM (002466.SZ) +1.990 (+3.452%) swelled 3.7% and 3.5%.(A Shares quote is delayed for at least 15 mins.)
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