Sunday, 31 May 2020
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Shanghai stocks end weaker as slowdown worries dent sentiment
Monday, 3 June 2019 15:09 WIB | MARKET UPDATE | Bursa ChinaShanghai composite

Shanghai stocks ended the first session of the month on a bearish note on concerns that escalating trade tensions could increase risks of a global slowdown, and as investors were worried Beijing™s stimulus measures might impact liquidity.The blue-chip CSI300 index ended up 0.1% at 3,632.01 on Monday, while the Shanghai Composite Index closed 0.3% weaker at 2,890.08 points.

In May, China and Hong Kong stocks both logged their worst monthly declines since last October as Sino-U.S. trade tensions accelerated. Last month also saw the heaviest foreign outflows via the Stock Connect linking mainland and Hong Kong, with foreign net equities sales reaching more than 50 billion yuan ($7.24 billion).

Source: Reuters

 

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