Chinese stock market slightly fell

10.07.2017

The main stock indices of China slightly decreased at the end of the trading session on Monday - investors are waiting for new catalysts for growth on the eve of the publication of a number of data during the following week.

CSI300 index, which tracks the value of securities of the largest companies traded in Shanghai and Shenzhen, dropped 0.1% to 3.653.69 points. Shanghai Stock Exchange's Shanghai Composite Index lost 0.2% and finished the session at 3.212.63 points.

Shares of small-cap companies looked significantly worse than the market average - ChiNext index, which includes the shares of start-ups, fell 1.8% after the Chinese securities regulator over the weekend approved several new applications for an IPO, raising concerns that the rate of placement of shares can accelerate.

Trading participants ignored inflation data for June, which coincided with expectations and did not change the prevailing view that economic growth is slowing after solid indicators of the first quarter.

Consumer prices in China in June rose 1.5% in annual terms.

Stock indexes of Hong Kong completed today's trading in the positive territory, simulating the dynamics of the Wall Street indexes, which rose thanks to better than expected US labor statistics.

The index of Hong Kong Stock Exchange Hang Seng added 0.6% to 25,500.06 points. The index of Chinese companies traded in Hong Kong added 0.4%, to close at around 10,214.58 points.

Improving investor sentiment was boosted, among other things, by the growth of shares of COSCO Shipping and Orient Overseas International Ltd (OOIL), Hong Kong, after the Chinese container operator offered to buy its smaller rival for $ 6.3 billion.

Back Next suggested article