China stocks fall for week, U.S. protectionism worries weigh
Friday, 16 March 2018 14:52 WIB |
MARKET UPDATE |SahamChina Indeks CSI
China stocks fell on Friday and ended the week lower, dragged by consumer and material firms, as reports of more chaos in the Trump administration added to concerns about rising U.S. protectionism.
At the close, the Shanghai Composite index was down 0.6 percent at 3,269.88, while the blue-chip CSI300 index fell 0.96 percent to 4,056.42.
The smaller Shenzhen index ended down 0.61 percent and the start-up board ChiNext Composite index was weaker by 1.48 percent.
Material firms, including aluminium and steel makers, led the decline, after a U.S. trade panel said imports of aluminium foil from China harmed U.S. producers. An index tracking material makers on the mainland closed down 1.3 percent on Friday.
Source : Reuters