Tie Ning: As the Chairperson, I Am Deeply Intimidated; The Writers Association Needs to "Remove Bureaucratization"; Traditional Literature Has Not Perished; Cried Due to Pressure When Taking Office.
Font Size: T|T 0 Participants 0 Comments Print Forward (iCapital.net News) February 17th, early morning Beijing time news, favorable data was released in the morning. Greece has reached an agreement with international aid providers on how to cut 325 million euros from the budget within this year, which could secure a 13 billion euro aid package and prevent the country from falling into disorderly default. Several positive messages have boosted the US stock market significantly higher from the opening. Chinese stocks opened low due to the drag of the photovoltaic sector but turned around to rise after noon. By the close, the iCapital China Concept 30 Index rose by 5.27 points, closing at 775.12 points, up 0.68%.
Sector Performance:
The iCapital China Education Index (EGU10) rose 0.25%, with mixed performance among its component stocks. XueDa Education and Xueersi fell against the trend, with declines exceeding 4%.
The iCapital China Solar Energy Index (SLR10) continued to fall 1.46% against the trend. Most component stocks fell, with Daqo New Energy and Yingli Green Energy leading the decline, down more than 5%.
The iCapital China TMT Index (TMT20) rose 1.25%, with most component stocks rising. NetEase led the decline after releasing its financial report.
The iCapital China Healthcare Index (HCP10) rose 0.2%, with Sinopharm leading the gain.
Individual Stock News:
Credit Suisse released a research report downgrading Renren Inc. (NYSE:RENN) stock rating from "Outperform" to "Neutral", and simultaneously lowering the target price from $8.4 to $5.4.
Mirae Asset Securities released a research report reiterating "Buy" rating for New Oriental Education & Technology Group Inc. (NYSE:EDU), and assigning a target price of $31. (BlueSky)