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The Financial Express

China stocks slip after soft factory growth

| Updated: December 01, 2017 15:05:39


Evaly and Fianancial Express Evaly and Fianancial Express
China stocks slip after soft factory growth

China stocks slipped on Friday, after a private survey showed the country’s manufacturing activity grew at the weakest pace in five months in November.

At 04:03 GMT, the Shanghai Composite index was down 11.63 points or 0.35 per cent at 3,305.56 points, according to Reuters.

China’s blue-chip CSI300 index was down 0.36 per cent, with its financial sector sub-index lower by 0.89 per cent, the consumer staples sector down 0.02 per cent, the real estate index down 0.16 per cent and healthcare sub-index up 0.7 per cent.

Chinese H-shares listed in Hong Kong rose 0.17 per cent at 11,495.26 while the Hang Seng Index was down 0.13 per cent at 29,138.74.

The smaller Shenzhen index was up 0.57 per cent and the start-up board ChiNext Composite index was higher by 1.71 per cent.

The largest percentage gainers in the main Shanghai Composite index were Jiangsu Hengli Hydraulic Co Ltd up 9.99 per cent, followed by Hangzhou Silan Microelectronics Co Ltd gaining 9.97 per cent and Gansu Ronghua Industry Group Co Ltd up by 9.96 per cent.

The largest percentage losses in the Shanghai index were Wangfujing Group Co Ltd down 4.97 per cent, followed by Guizhou Changzheng Tiancheng Holding Co Ltd losing 4.95 per cent and Shandong Tyan Home Co Ltd down by 4.64 per cent.

Shanghai stocks have declined 2.24 per cent this month.

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