Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

China stocks fall as Sino-West tensions hit risk appetite

06/16/2021 | 12:39am EDT

BEIJING, June 16 (Reuters) - China shares dropped on Wednesday, led by losses in healthcare and material stocks, as investor concerns about lofty valuations as well as Sino-West tensions dented risk appetite. ** At the midday break, the Shanghai Composite index was down 0.77% at 3,529.11 points, while the blue-chip CSI300 index dropped 1.28%. ** Among the worst performing sectors, the healthcare sub-index and material sub-index slumped 2.52% and 2.49%, respectively. ** Analysts remained cautious, citing lack of factors for any upside momentum, and also noting lofty valuations in some parts of the market. The broader credit growth continue to slow as the central bank seeks to contain rising leverage ratio and local debt. ** Tensions between China and the West soured investor sentiment, which dragged down the mainland markets ever since trading resumed after a long weekend post the Dragon Boat Festival.

** China stocks ended lower on Tuesday after G7 leaders took the Asian nation to task over a range of issues, which Beijing called a gross interference in the country's internal affairs. ** Shanghai shares of WuXi AppTec Co Ltd, one of the heavyweight stocks in the healthcare sub-index, fell 4.8% by the mid-day break after falling as much as 6.3%. ** Stocks slumped after WuXi received regulatory letter from the Shanghai Stock Exchange, as one of its shareholders cut stakes without proper information disclosure. ** The smaller Shenzhen index was down 1.82%, the start-up board ChiNext Composite index was weaker by 3.44%, and Shanghai's tech-focused STAR50 index was down 2.64%. ** Chinese H-shares listed in Hong Kong fell 0.59% to 10,605.78, while the Hang Seng Index was down 0.23% at 28,573.35. ** The smaller Shenzhen index was down 1.82%, the start-up board ChiNext Composite index was weaker by 3.44% and Shanghai's tech-focused STAR50 index was down 2.64%. ** Around the region, MSCI's Asia ex-Japan stock index was weaker by 0.26% while Japan's Nikkei index was down 0.41%.

(Reporting by Beijing Newsroom; Editing by Sherry Jacob-Phillips)

© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
CHANGYUAN TECHNOLOGY GROUP LTD. -0.16% 6.29 End-of-day quote.-2.33%
CHONGQING TAIJI INDUSTRY(GROUP) CO.,LTD -0.26% 19.05 End-of-day quote.42.91%
CNOOC ENERGY TECHNOLOGY & SERVICES LIMITED -0.81% 2.44 End-of-day quote.2.09%
CSPC PHARMACEUTICAL GROUP LIMITED -1.87% 10.48 End-of-day quote.32.16%
ENN ENERGY HOLDINGS LIMITED -0.12% 162.5 End-of-day quote.42.79%
MEITUAN -5.87% 215 End-of-day quote.-27.02%
WUXI APPTEC CO., LTD. -3.83% 150 End-of-day quote.33.61%
ZHEJIANG CHINA COMMODITIES CITY GROUP CO., LTD. -2.43% 4.41 End-of-day quote.-19.96%
ZHEJIANG HUAYOU COBALT CO., LTD -2.93% 131 End-of-day quote.65.20%
Latest news "Economy & Forex"
04:58pU.S. CDC Reports Total Deaths Of 610,873 Due To Coronavirus As Of July 31
04:58pU.s. cdc reports total novel coronavirus cases of 34,926,462 as of july 31 vs 34,818,278 in previous report on july 30
04:57pU.s. cdc reports total deaths of 610,873 due to coronavirus as of july 31 vs 609,853 in previous report on july 30
04:55pU.s. cdc says 164,446,964 individuals have been fully vaccinated against covid-19 as of july 31 vs 164,184,080 individuals as of july 30
04:54pPrivate equity firm CD&R readies Morrisons counter-bid - report
04:54pU.s. cdc says 190,982,149 individuals have received at least one dose of covid-19 vaccine as of july 31 vs 190,509,183 individuals as of july 30
04:53pU.s. cdc says administered 345,640,466 doses of covid-19 vaccine as of july 31 vs 344,071,595 doses administered as of july 30
04:52pU.s. cdc says delivered 400,675,525 doses of covid-19 vaccine as of july 31 vs 399,090,105 doses delivered as of july 30
04:42pBSTDB BLACK SEA TRADE AND DEVELOPMENT BANK : Invests EUR 35 million in Upgrading of Bulgarian Energy Holding
04:29pU.S. COVID-19 residential eviction ban set to expire at midnight
Latest news "Economy & Forex"