Chinese Stocks Fall Most in a Week

ChineseA customer looks at a newspaper article displayed on a white board in front of an electronics stock board at a security firm in Shanghai.

Chinese stocks fell the most in a week, led by materials and technology companies.

The Shanghai Composite Index slumped from a three month high after dropping 0.3 percent. ZTE Corp plunged in Hong Kong as trading resumed for the first time in a month, following U.S. Commerce Department sanctions blocking exports to the company.

Even though recent economic data have brought some form of stability to mainland financial markets, the shanghai index is still among the worst performing indexes globally.

According to a front-page commentary on Chinese Securities Journal “the momentum of China’s economic rebound faces risks including inflation expectations triggered by rising pork prices and home-purchase curbs in top cities”

The CSI 300 Index dropped 0.3 percent, while the Shanghai equity gauge traded at 3,042.69 as of 10:14 a.m. local time. The Hang Seng China Enterprises Index was little changed in Hong Kong.

About the Author

Samed Olukoya
Samed Olukoya is the CEO/Founder of investorsking.com, a digital business media, with over 10 years' experience as a foreign exchange research analyst and trader. A graduate of University of East London, U.K. and a vivid financial markets analyst.

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