Chinese stocks sagged by weak lending, consumer data
Shares in China fell on Wednesday led by losses in energy and financial firms combined with plunging oil prices,weak lending and consumer data, but strong industrial output results for October helped trim losses.
Chinese stocks closed lower on Wednesday, with the benchmark Shanghai Composite Index down 0.85 percent, at 2,632.24 points.
The Shenzhen Component Index closed 0.69 percent lower at 7,908.55 points and the ChiNext Index, China’s NASDAQ-style board of growth enterprises, dropped 0.45 percent to close at 1,385.73 points.
Meanwhile, China’s treasury bond futures closed higher on Wednesday, with the contract for December 2018 closing 0.2 percent higher at 98.66 yuan (about $14).
The contract for settlement in March 2019 closed 0.23 percent higher at 98.67 yuan.
The contract for settlement in June 2019 closed 0.49 percent higher at 98.96 yuan.