Monday, 19 August 2019
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China Stocks Post 4th Straight Weekly Fall as Trade Tensions Reignite

China™s stock market closed lower on Friday, clocking the fourth consecutive weekly loss, largely due to re-escalating trade tensions as Washington blacklisted Chinese tech company Huawei.

The Shanghai Composite index was down fell 2.5% to 2,882.30, losing 1.9% for the week. The blue-chip CSI300 index also lost 2.5% on Friday, accumulating weekly losses of 2.2%.

CSI300™s financial sector sub-index was lower by 2.3%, the consumer staples sector lost 2.6%, the real estate index slid 3% and the healthcare sub-index fell 2.5%.

The smaller Shenzhen index shed 3.3% and the start-up board ChiNext Composite index was weaker by 3.6%.

Source : Reuters

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