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China stocks end lower as trade war worries linger


Monday, 2 April 2018 14:44 WIB

Indeks Shanghai CompositeSaham Cina Shanghai compositeCSI 300 Blue-Chip


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China stocks kicked off the first quarter with mild losses on Monday, amid lingering worries of a full-blown trade war between the United States and China, and as investors assessed mixed economic readings.

At the close, the Shanghai Composite index was down 0.2 percent at 3,163.18, while the blue-chip CSI300 index was down 0.3 percent at 3,886.92.

The smaller Shenzhen index ended up 0.16 percent and the start-up board ChiNext Composite index was unchanged.

The Trump administration this week will unveil the list of Chinese imports targeted for U.S. tariffs to punish Beijing over technology transfer policies, a move expected to intensify trade tensions between the world’s two largest economies.

China has increased tariffs by up to 25 percent on 128 U.S. products including frozen pork, wine and certain fruits and nuts, escalating a spat between the world’s biggest economies in response to U.S. duties on imports of aluminium and steel.

Source: Reuters


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