China shares snap winning streak on profit-taking, trade worries

Tuesday, 25 June 2019 14:57 WIB

Indeks Shanghai Composite Bursa China


Chinese shares ended lower on Tuesday, snapping a six-day streak of gains, as investors locked in profits, while concerns that China and the United States would make little headway toward resolving their bitter trade war this week also hurt sentiment.

At the close, the Shanghai Composite index was down 0.87% at 2,982.07, trimming earlier losses. It was the first daily decline after six straight sessions of gains, its longest rising streak since February 2018. The Shanghai Composite rose more than 4% last week.

The blue-chip CSI300 index was down 1.04% after earlier falling as much as 2.25%. Its financial sector sub-index ended lower by 1.5%, the consumer staples sector finished down 0.55%, the real estate index lost 0.74% and the healthcare sub-index closed 0.13% lower.

The smaller Shenzhen index ended down 0.99% and the start-up board ChiNext Composite index was weaker by 1.06%.

Source: Reuters


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