Business丨A-share mkt remains in firm territory

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Experts from Minsheng Securities said the possibility of the United States imposing 50 percent tariffs on goods from the European Union may have aggravated market concerns over trade uncertainties, supporting gold prices. The Chinese A-share market was closed on Monday for the Dragon Boat Festival.

Analysts from Huaxi Securities said that demand for gold accessories will remain robust as they can secure value to a certain extent. Jewelry companies with stronger insights into consumer demand still have room for growth even if the overall consumption sentiment is not that upbeat.

The stock market rally on Tuesday was also partly driven by an average 2.17 percent increase reported by banks, which are A-share market heavyweights.

According to Cai Fangyuan, a strategist from China Galaxy Securities, the investment value of banks is especially noticeable amid higher market volatility, thanks to the lenders' stable business forecasts, lower valuations and high dividend payouts.

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