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China Stocks slide on US election jitters

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Capital Market
Mainland China stock market finished session lower on Wednesday, 09 November 2016, joining global market slide, as Republican president candidate Donald Trump was surprisingly edging ahead of Democratic candidate Hilary Clinton. But falls in China shares - typically shielded from global market volatility by strict capital controls - were more subdued, with benchmark indexes only down slightly amid data showing a recovery in producer prices. Most sectors lost ground, while material and property stocks gained, lifted by a strong rally in the shares of gold miners amid a rush to safe-haven assets. The benchmark Shanghai Composite Index declined 0.62% to close at 3,128.37 points. The CSI 300 index lost 0.54% to close at 3,353.05 points.

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First Published: Nov 09 2016 | 3:00 PM IST

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