Shanghai Composite falls 0.19% in volatile trade

Mainland China share market closed down in volatile trade on Monday, 17 November 2014, as profit booking among mainland investors outweighed fresh fund inflows from international investors after the commencement of stock-trading link between Shanghai and Hong Kong today. The Shanghai Composite Index fell 0.19%, or 4.82 points, to 2474.01 at the close.

The Shanghai-Hong Kong Stock Connect program started on Monday, opening up mainland Chinese markets to global capital. Foreign capital showed much stronger appetite for the yuan-denominated A-shares in Shanghai, with the 13 billion yuan worth of daily quota being used up one hour before the A-share market closed. In contrast, mainland investors took a more restrained approach to the opportunity to trade in Hong Kong, with only 16% of the 10.5 billion yuan ($1.7 billion) daily quota allocated to them used.

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