On July 7th, the four major state-owned banks experienced an upward surge against the prevailing market trend during the trading session.
BANK OF CHINA (HKG: 3988) saw its shares rise by over 3%.
Shares of China Construction Bank, Industrial and Commercial Bank of China, and Agricultural Bank of China all increased by more than 1.5%.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.