Wednesday, 5 September 2018 14:53 WIB |
MARKET UPDATE |SahamChina Indeks CSI
China™s main stock indexes fell over 1 percent on Wednesday, as investors dumped banking, property and resources shares amid fresh signs of anaemic growth, and ahead of a likely escalation of the Sino-U.S. trade war.
The blue-chip CSI300 index fell 2.0 percent, to 3,298.14, while the Shanghai Composite Index lost 1.7 percent to 2,704.34 points.
Growth in China™s services sector weakened again in August as new business picked up only slightly from July™s more than two-year low, a private survey showed on Wednesday.
Market sentiment was also curbed by a likely escalation in the Sino-U.S trade war. U.S. President Donald Trump has told aides he is ready to impose tariffs on $200 billion more in Chinese imports as soon as a public comment period on the plan ends this week.
Source : Reuters