China stocks extended losses on Thursday, after falling the most in a month in the previous session, as caution prevailed amid renewed concerns over China-U.S. trade tensions.
The blue-chip CSI300 index closed down 0.7 percent at 3,827.22 points, while the Shanghai Composite Index ended 0.5 percent lower at 3,154.65 points.
U.S. President Donald Trump signalled a new direction in U.S.-China trade talks and said any deal would need “a different structure,” fuelling uncertainty over current negotiations. Adding to investor worries, the Trump administration has launched a national security investigation into car and truck imports that could lead to new U.S. tariffs similar to those imposed on imported steel and aluminium in March.
Source : Reuters