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China stocks end down on soft economy data


Monday, 16 July 2018 14:38 WIB

Indeks Shanghai CompositeSaham ChinaShanghai compositeCSI 300 Blue-Chip


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China stocks ended down on Monday, after data showed the country's economy expanded at a slower pace in the second quarter, while a trade war with the United States threatened to hit exports.

The blue-chip CSI300 index fell 0.6 percent, to 3,472.09 points, while the Shanghai Composite Index closed down 0.6 percent at 2,814.04 points.

Banking and real estate firms led the decline, with indexes tracking those firms down 2.1 percent and 2.3 percent, respectively.

China’s economy expanded at a slower pace in the second quarter as Beijing’s efforts to contain debt hurt activity, while June factory output growth weakened to a two-year low in a worrying sign for investment and exporters as a trade war with the United States intensified.

So far this year, the Shanghai stock index is down 14.9 percent, the CSI300 has fallen 13.9 percent while China’s H-share index listed in Hong Kong is down 8.9 percent. Shanghai stocks have declined 1.18 percent this month.

Source: Reuters


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