China shares end mixed, Shanghai index up 0.18%
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.