China Market falls on profit booking

Mainland China stock market finished in red terrain on Monday, 22 August 2016, as some investors took profits amid concern that a weaker yuan will limit prospects for further stimulus and state-backed funds will sell shares. Most of SSE sectors declined, with industrial, infrastructure and transportation shares leading losses. The CSI300 index, which tracks the largest listed companies trading in Shanghai and Shenzhen, fell 0.84% to 3336.79 points. The Shanghai Composite Index closed down 0.7% at 3084.81 points while the Shenzhen Composite index closed down 1.27% at 2018.26 points.

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