Traders in the stock market see the completion of phase one of the China-US trade deal as a good business opportunity to bargain in Chinese stocks.
A report claimed that these traders had been feeling a rush in the stock market that urged them to focus on bargaining stocks from Tencent, a Chinese company that has experienced financial improvements in recent months.
Tencent had been reported to have yielded a 14 percent increase in its stock market trading value on December 19, 2019. A report claimed that the company has experienced success after it partnered with NVIDIA Corporation. The latter would provide the company's GPU technology which would power Tencent games' STAR cloud gaming service. The said service was pegged to be an attractive feature for consumers since it would grant access to gamers to high-quality games played on low-powered devices. The service was also described to be one that is accessible anytime and anywhere providing ease of access to its users.
The report also claimed that NVIDIA is betting big on the cloud gaming field with GeForce Now, a service that also upped the value of Tencent in the stock market for its promising features provided to gamers. At present, the report claimed that the partnership had been valued at greater heights in North American and European markets delivering a unique gaming experience to cloud gamers globally, including those that are situated in China.
The said stock has made traders hopeful on positive turnout of Chinese stocks today. It was revealed that the daily turnover for the Shanghai stock market already yielded 160.6 billion yuan in November alone despite being 3.1 percent lower than that in October.
Moreover, the average daily turnout for Shenzhen stocks including those that partake in the Tencent value yielded 245.6 billion yuan in November alone although it was down by 5.7 percent compared to October values.
The report then highlighted that the decline in average daily turnover for Chinese stocks still showed promising results for traders. One of the companies pegged to be bargained by traders is that of China Resources Beer and Tsintao Brewery which have soared this year. Each of the products were labeled to have a 60 percent increase in their value in the stock market since November for this year.
However, it was also manifested in the report that Budweiser remains as the favorite in the stock market for traders to bargain for. The report claimed that it would experience a 37 percent rice in value from its current trading price.
