China’s main stock index on Wednesday closed at its lowest level since January 2016, as trade war concerns continued to vex investor confidence with China seeking $7 billion in sanctions against the United States over dumping duties.
The Shanghai Composite index ended 0.3 percent lower at 2,656.11, its weakest close since Jan. 28, 2016. The blue-chip CSI300 index ended 0.7 percent lower at 3,202.02, its lowest close since Aug. 4, 2016.
The CSI300 financial sector sub-index fell 0.21 percent, the consumer staples sector ended 1.94 percent lower, the real estate index finished 0.42 percent lower and the healthcare sub-index shed 2.84 percent. The smaller Shenzhen index ended down 0.41 percent and the start-up board ChiNext Composite index was weaker by 0.67 percent.
Source : Reuters