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Shanghai stocks hit 2-year closing low on Sino-US trade war woes


Thursday, 21 June 2018 14:53 WIB

SahamChinaCSI 300Shanghai composite


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China stocks shed early gains to end lower on Thursday, with the benchmark Shanghai index closing at a two-year low, as caution prevailed amid lingering worries over Sino-U.S. trade spat.

The blue-chip CSI300 index closed down 1.2 percent at 3,592.97 points, while the Shanghai Composite Index ended 1.4 percent lower to 2,875.81 points.Shares of about 100 firms were down by the daily limit of 10 percent.

Around the region, MSCI's Asia ex-Japan stock index was weaker by 0.66 percent, while Japan's Nikkei index closed up 0.61 percent. At 0702 GMT, the yuan was quoted at 6.5073 per U.S. dollar, 0.5 percent weaker than the previous close of 6.475.

Source : Reuters


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