Markets
Print 2020-05-22
China stocks lower
China stocks ended lower on Thursday, hurt by tech players, on news that US regulators are open to making changes to close a possible loophole in a new rule aimed at curbing global chip sales to Chinese firm Huawei Technologies Ltd.
China stocks ended lower on Thursday, hurt by tech players, on news that US regulators are open to making changes to close a possible loophole in a new rule aimed at curbing global chip sales to Chinese firm Huawei Technologies Ltd.
At close, the Shanghai Composite index was down 0.55% at 2,867.92. The blue-chip CSI300 index was down 0.54%, with its financial sector sub-index shedding 0.56%, the real estate index falling 0.53%. The consumer staples sector gained 0.24% and the healthcare sub-index rose 1%.
The smaller Shenzhen index ended down 0.95% and the start-up board ChiNext Composite index was weaker by 0.882%. Leading the decline, the CSI IT index and CSI telecommunications services index shed 2.2% and 2.1%, respectively.
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