China stocks closed lower on Thursday weighed down by a slump in top consumer shares, even as investors awaited developments around Sino-U.S. trade talks.
The blue-chip CSI300 index fell 0.5% to 3,873.10, while the Shanghai Composite Index lost 0.3% to 3,005.25.
Consumer firms China International Travel Service Corp Ltd slumped 5.5%, while Guangdong Haid Group Co Ltd dived 6.4%. The CSI300 consumer staples index ended down 1.3%.
Caution remained as market participants kept an eye on the progress of Sino-U.S. trade talks.
Top representatives from the United States and China are arranging to resume talks next week to try to resolve a year-long trade war between the world's two largest economies, Trump administration officials said on Wednesday.
Source : Reuters