China Stocks falls for third day

Mainland China stock market ended down on Thursday, 12 January 2017, registering third day of falling streak, due to investor disappointment over U.S. President-elect Donald Trump's failure to clarify his economic policy measures. Selloff was also fueled by risk of liquidity stresses in the financial system after faster approvals for initial public offerings (IPO) and increasing issuance of additional shares by listed companies. Nearly all main sectors lost ground, led down by material and industry shares. The blue-chip CSI300 index, which tracks large companies in Shanghai or Shenzhen, fell 0.5% to close at 3,317.62. The Shanghai Composite Index fell 0.56% to close at 3,119.29. The Shenzhen Composite Index, which tracks stocks on China's second exchange, dropped 0.87% to 1951.31. The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, shed 0.38% to 1,930.15 points.

Powered by Capital Market - Live News