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China Stocks Fall, Yuan at 4-Month Low as U.S. Trade Talks Stall


Monday, 13 May 2019 15:22 WIB

Saham Cina Shanghai compositeCSI 300 Blue-Chip


c_740_198_16777215_00_images_assets_CHINA_0china.jpg

China's main equity indexes finished lower on Monday and the yuan weakened to a four-month low as investors' hopes for a deal to end an escalating trade war between the United States and China were dashed by signs of a stalemate in trade negotiations.

The benchmark Shanghai Composite index ended the day down 1.2% and the blue-chip CSI300 index lost 1.7%, resuming the previous week's downward slide.

For the month, the Shanghai Composite is down 5.7%, while the CSI300 has lost 6.2%.

The risk of U.S.-China talks breaking down and the two “settling down into an indefinite economic war of attrition is now uncomfortably high,” Arthur Kroeber, founder of Gavekal Dragonomics, said in a note.

Source : Reuters


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