Chi­nese stocks sagged by weak lend­ing, con­sumer data

Global Times US Edition - - BIZMARKETS -

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.

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