The China share market finished session lower on Wednesday, 19 August 2020, snapping four days of winning streak, as profit booking triggered amid geopolitical development in Australia-China relations after China's Ministry of Commerce launched an anti-dumping investigation into some wines imported from Australia. The delay of high-level trade talks on the implementation of a U.S.-China Phase 1 deal also weighed on market sentiment.
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At closing bell, the benchmark Shanghai Composite Index was down 1.24%, or 42.96 points, to 3,408.13. The Shenzhen Composite Index, which tracks stocks on China's second exchange, declined 1.95%, or 44.77 points, to 2,253.68. The blue-chip CSI300 index fell 1.5%, or 72.08 points, to 4,740.68. .
CURRENCY NEWS: The yuan was up against greenback on Wednesday, inline with firmer mid-point fixing by central bank. Prior to the market opening, the People's Bank of China (PBOC) set the midpoint rate CNY=PBOC at 6.9168 per dollar, 0.23% firmer than the previous fix of 6.9325.
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