Shanghai stocks extend declines, energy firms lead losses
Tuesday, 17 July 2018 14:30 WIB | MARKET UPDATE |The Shanghai Composite IndexSaham Cina Shanghai composite

China stocks ended lower on Tuesday, with the Shanghai benchmark index down for a third session, dented by energy firms following a sharp decline in crude oil prices.

The blue-chip CSI300 index closed 0.7 percent down at 3,449.38, while the Shanghai Composite Index ended 0.6 percent lower at 2,798.13 points.

An index tracking major energy firms closed down 2 percent.

Oil prices dropped for a second day on Tuesday as worries about possible disruptions to supply eased and as investors focused on potential damage to global growth from the festering Sino-U.S. trade spat.

Sentiment was also curbed by lingering worries over the U.S.- China trade war.

So far this year, the Shanghai stock index is down 15.4 percent, the CSI300 fell 14.4 percent, while China's H-share index listed in Hong Kong is down 9.6 percent. Shanghai stocks have declined 1.71 percent this month.

Source: Reuters

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