China Shares Flat, Investors Dump Newly-Listed Firms

Thursday, 15 March 2018 14:58 WIB

SahamChina Indeks CSI


China stocks ended flat on Thursday, with gains led by consumer and healthcare firms, while small-caps, particularly newly-listed shares, were dumped after regulators warned of risks and bubbles.

At the close, the Shanghai Composite index was flat at 3,291.11, while the blue-chip CSI300 index gained 0.6 percent to 4,096.16.

Trading was thin as investors remained cautious amid mounting investor concerns that growing trade tensions would hurt the global economy.

An index tracking newly-listed firms in Shenzhen slumped 3.3 percent, posting its worst day since early February. After slapping a record fine on a local company for share price manipulation, China’s securities regulator issued stern warnings against speculation in newly-listed stocks, saying such speculative activities could accumulate risks and bubbles.

Source : Reuters


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