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The Financial Express

China stocks ease on profit-taking

| Updated: January 12, 2018 15:37:16


File Photo (Collected) File Photo (Collected)

China stocks fell on Thursday, with losses led by real estate and energy firms as investors took profits after a robust nine-session winning streak.

A media report that China is considering reducing or halting purchases of US Treasuries did not appear to impact the share market.

At 04:02 GMT, the Shanghai Composite index was down 5.18 points or 0.15 per cent at 3,416.65.

China’s blue-chip CSI300 index was down 0.3 per cent, with its financial sector sub-index higher by 0.02 per cent, the consumer staples sector off 0.86 per cent.

The real estate index fell 0.97 per cent and healthcare sub-index down 0.14 per cent.

The yuan was quoted at 6.5165 per US dollar, 0.14 per cent weaker than the previous close of 6.5071.

The biggest gainer in the main Shanghai Composite index was Chengdu Xuguang Electronics Co Ltd, which rose 10.05 per cent.

The biggest loser in the Shanghai index was Anhui Conch Cement Co Ltd down 7.95 per cent.

About 10.18 billion shares have traded so far on the Shanghai exchange, roughly 64.2 per cent of the market’s 30-day moving average of 15.85 billion shares a day.

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