Wednesday, 4 April 2018 14:49 WIB |
MARKET UPDATE |The Shanghai Composite IndexSaham Cina Shanghai composite
China stocks gave up early gains and ended slightly lower on Wednesday as investors trimmed their equity exposure ahead of the Tomb-sweeping holiday break and as they braced for Beijing's countermeasures against U.S. tariffs on Chinese exports.
While there was some lingering unease among investors, most see the widely-expected U.S. sanctions as having negligible impact on growth, and expect a full-blown trade war will be averted through negotiations.
Both the blue-chip CSI300 index and the Shanghai Composite Index dipped 0.2 percent, to 3,854.86 points and 3,131.11 points, respectively.
Most sectors fell but the consumer sector, which is widely seen as immune to trade disputes, rose over 3 percent. Gold stocks also strengthened, reflecting simmering anxiety over Sino-U.S. trade relations.