China stock rallied for a third day in a row with SHA climbed about 0.58%.Some reform plan released together with the announcement to boost trade and investment in G20 meeting boosted the sentiment of investors, but the rally seems mild compared to some previous market reaction during similar G20 events. Money flowed into Engineering Equipment, Internet and Electronics sectors the most. Zhuhai Elec Tech International Co.,a LED producer, rallied to limit-up as Gov urge the elimination of filament lights by end of September this year, which will boost business for all LED producers .DXY overnight still weak for no new data to release in US bank holiday. CNYUSD didn't get much help from sentiment in equity market and touched 6.68.The talk of supply-cut of coal boosted coal, methanol and PVC in commodity market, with latter two use coal as major material input. We generally see nothing out of expectation from G20 meeting, and rally on it could be short-term, investors generally can take profit at current level of SHA and if some risk exposure 's needed, we only recommend some shares from food and beverage sector, as well as tourism sector which would benefit from incoming mid-autumn holiday season.
Also I found this intersting meetup group for Traders in SH.Welcome to join.
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.