China Stock Market Called Higher Friday

Macro
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Summary · why it matters

The China stock market is expected to open higher on Friday, with the Shanghai Composite Index sitting just beneath the 3,300-point plateau after edging up 0.03 percent to 3,297.29 on Thursday. The Shenzhen Composite Index fell 0.71 percent to 1,909.66. Gains in properties and financials were offset by weakness in resource stocks, with Industrial and Commercial Bank of China jumping 1.83 percent and Bank of China accelerating 2.10 percent. Wall Street provided a positive lead, as the Dow spiked 486.83 points or 1.23 percent, the Nasdaq rallied 2.74 percent, and the S&P 500 jumped 2.03 percent, driven by semiconductor stocks after strong earnings from Texas Instruments and Lam Research.

Impact on stocks 4

Semiconductors · 2 stocks
Lam Research Corp
LRCX
▲ PositiveCapitalrelevance

Strong earnings from Lam Research drove semiconductor stocks higher, lifting the Nasdaq.

Others · 2 stocks
Bank of China Limited
601988
▲ PositiveDemandrelevance

Gains in properties and financials, with Bank of China accelerating 2.10%, but no specific news driver mentioned.