Banking Stocks Rally on July 28; China Construction Bank Up Over 3%, State-Owned Banks Lead
On July 28, the banking sector rallied, with China Construction Bank rising over 3% and Bank of Shanghai and Agricultural Bank of China each gaining more than 2%. Several large state-owned banks, including Bank of China, Postal Savings Bank of China, and Industrial and Commercial Bank of China, led the advance. The gains were broad-based, with multiple banks posting notable increases.
On July 28, the banking sector strengthened. China Construction Bank's stock price rose over 3%, Bank of Shanghai and Agricultural Bank of China rose over 2%, and Bank of China, Postal Savings Bank of China, and Industrial and Commercial Bank of China led the gains.