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China Stocks Drop in Late Trade On Fears of New Property Curbs, Trade War


Wednesday, 1 August 2018 14:48 WIB

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China stock markets fell sharply in afternoon trade to end lower Wednesday, as anticipation of more measures to curb property prices hurt developer shares, and as the Sino-U.S. trade war looked set to escalate with the threat of higher U.S. tariffs.

At the close, the Shanghai Composite index was down 1.8 percent at 2,876.40.

The blue-chip CSI300 index was down 2.01 percent, with the real estate sub-index skidding 4.52 percent. The smaller Shenzhen index ended down 1.72 percent and the start-up board ChiNext Composite index was weaker by 1.24 percent.

Source : Reuters


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