China Stocks Reverse Gains to End Lower
Monday, 25 June 2018 14:40 WIB | MARKET UPDATE |SahamChina Indeks CSI

China stocks gave up early gains to close lower on Monday, as an expected reserve requirement ratio (RRR) cut was largely offset by lingering trade war fears, and as a weakening yuan pushed lower real estate and airline shares.

The blue-chip CSI300 index fell 1.3 percent to 3,560.48, while the Shanghai Composite Index slid 1.1 percent to 2,859.34.

The U.S. Treasury Department is drafting curbs that would block firms with at least 25 percent Chinese ownership from buying U.S. companies with œindustrially significant technology, a government official briefed on the matter said on Sunday.

Source : Reuters

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