China shares end mixed, Shang­hai in­dex up 0.18%

Global Times US Edition - - BIZMARKETS -

China’s blue-chip in­dex fell for a third con­sec­u­tive day on Wed­nes­day, but the main Shang­hai Com­pos­ite in­dex rose as in­vestors weighed govern­ment sup­port for con­tin­ued growth against the im­pact of the US-China trade war.

At the close, the Shang­hai Com­pos­ite in­dex was up 0.18 per­cent at 2,725.84.

The blue-chip CSI300 in­dex was down 0.22 per­cent, with its fi­nan­cial sec­tor sub-in­dex higher by 0.22 per­cent and the con­sumer staples sec­tor down 2.64 per­cent. It was the third con­sec­u­tive day of losses for the CSI300 in­dex, bring­ing its losses for the week to 4.6 per­cent.

Mean­while, the smaller Shen­zhen in­dex ended down 0.44 per­cent and the start-up board ChiNext Com­pos­ite in­dex was higher by 0.06 per­cent.

The largest per­cent­age gain­ers in the main Shang­hai Com­pos­ite in­dex were Shen­zhen Ge­oway Co, up 10.11 per­cent. The largest per­cent­age losses in the Shang­hai in­dex were Shang­hai Lin­gang Hold­ings Co down 10.01 per­cent.

About 11.35 bil­lion shares were traded on the Shang­hai ex­change, roughly 100.5 per­cent of the mar­ket’s 30-day mov­ing av­er­age of 11.29 bil­lion shares a day.

The vol­ume in the pre­vi­ous trad­ing session was 11.68 bil­lion.

Risks to the global fi­nan­cial sys­tem have risen over the past six months and could in­crease sharply if pres­sures in emerg­ing mar­kets es­ca­late or global trade re­la­tions de­te­ri­o­rate fur­ther, the In­ter­na­tional Mone­tary Fund said on Wed­nes­day.

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