Wednesday, 24 July 2019
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China stocks end lower as financials weigh
Wednesday, 26 June 2019 14:53 WIB | MARKET UPDATE |Indeks Shanghai CompositeSaham China

China stocks ended slightly lower on Wednesday as financial stocks weighed on the market, and as investors exercised caution ahead of the meeting between U.S. President Donald Trump and his Chinese counterpart Xi Jinping.

The blue-chip CSI300 index fell 0.2%, to 3,794.33, while the Shanghai Composite Index shed 0.2% to 2,976.28.

Banking stocks also weakened, after a report said that some Chinese banks may face U.S. action in N.Korean sanctions probe.

The CSI300 financials index and the CSI300 banks index retreated 0.8% and 0.5%, respectively.

Around the region, MSCI™s Asia ex-Japan stock index was weaker by 0.09%, while Japan™s Nikkei index closed down 0.51%.

Source: Reuters

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