Wednesday, 19 February 2020
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Shanghai Composite Index Falls 1.4%; ICBC Leads Decline

The Shanghai Composite Index fell for the second day, dropping 1.4 percent, or 37.32 to 2,682.39 in Shanghai. The move was the biggest since falling 1.5 percent on Dec. 14.

Industrial & Commercial Bank of China Ltd. contributed the most to the index decline, decreasing 2.5 percent. Huayu Automotive Systems Co. had the largest drop, falling 6.1 percent.

Today, 953 of 1,500 shares fell, while 462 rose.

The Chinese yuan weakened against the U.S. dollar to 6.7767 from 6.7720. The benchmark 10-year bond was little changed at 3.100 percent.

The MSCI AC Asia Pacific Index declined 0.9 percent.

Source: Reuters

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