Business Standard

China Stocks retreat to lowest level in a month

Image

Capital Market
Mainland China stock market closed at lowest level in a month on the last trading day of this week on Wednesday, 14 September 2016, as investors sold stocks on uncertainty over whether the Federal Reserve will raise interest rates next week. All SSE sectors except technology issue lost ground, with blue chip players in telecom, industrials, consumer staples, energy, financials and utilities sectors hit the hardest. The CSI300 index of the largest listed companies in Shanghai and Shenzhen eased 0.66%, to 3,238.73 points, while the Shanghai Composite Index lost 0.68% to 3,002.85 points. The gauge has lost 2.5% this week, amid a jump in the cost of borrowing the yuan in Hong Kong. China stock market will close on Thursday and Friday for mid-Autumn Festival.

Powered by Capital Market - Live News

 

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Sep 14 2016 | 3:57 PM IST

Explore News