China stocks slipped on Thursday, as the investors concern over a potential trade war between the world’s largest and second-largest economies intensified.
The markets fell as the traders digested the impact of a rate hike by the US Federal Reserve.
At the close, the Shanghai Composite index was down 0.5 per cent at 3,263.48, while the blue-chip CSI300 index was down 1.0 per cent at 4,020.35, reports Reuters.
The largest percentage gainers in the main Shanghai Composite index were Jiangsu Highhope International Group Corp up 10.09 per cent, followed by Tian Jin Global Magnetic Card Co Ltd gaining 10.07 per cent and Lucky Film Co Ltd up by 10.04 per cent.
The largest percentage losses in the Shanghai index were China CSSC Holdings Ltd down 10 per cent, followed by Antong Holdings Co Ltd losing 9.98 per cent and CSSC Offshore & Marine Engineering Group Co Ltd down by 9.58 per cent.
As of 07:11 GMT, China’s A-shares were trading at a premium of 26.66 per cent over the Hong Kong-listed H-shares.