China stocks fall to three-month low

| Updated: November 17, 2017 15:16:45

China stocks fall to 3-month low

China’s blue-chip index was poised for its biggest one-day loss in three months, as resources shares slumped amid signs of slowing industrial production growth.

The CSI300 index fell 0.8 per cent to 4,066.30 points at the end of the morning session, while the Shanghai Composite Index lost 0.7 per cent to 3,405.04 points.

An index tracking major material firms lost 1.9 per cent, as prices of nickel, zinc and steel tumbled in Shanghai, reports Reuters.

A batch of data released on Tuesday showed China’s economy cooled further last month, with industrial output, fixed asset investment and retail sales missing expectations as the government extended a crackdown on debt risks and factory pollution.

The largest percentage gainers in the main Shanghai Composite index included SJEC Corp, up 10.01 per cent, Hebei Hengshui Laobaigan Liquor Co Ltd, gaining 9.34 per cent, and Epoxy Base Electronic Material Corp Ltd, up by 8.67 per cent.

The largest percentage losses in the index were Keda Clean Energy Co Ltd down 10 per cent, followed by Changyuan Group Ltd losing 9.96 per cent and Xiamen King Long Motor Group Co Ltd down 9.74 per cent.

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