China Stocks fall on soft service sector report

The Mainland China equity market dropped on Thursday, 03 August 2017, after a private survey showed the country's services sector cooled in July and as a net drain of funds by the central bank renewed concerns about liquidity conditions. Most sectors lost ground, led by banking and consumers stocks, while materials firms continued to outperform, capping downslide. The CSI 300 fell 0.9% to 3,727.83 while the Shanghai Composite Index slipped 0.4% to 3,272.93 and the Shenzhen Stock Exchange Component Index lost 0.3% to 10,436.17.

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