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The Financial Express

Shanghai stocks fall to three-month lows


Evaly and Fianancial Express Evaly and Fianancial Express
China shares slip to three-month lows

Shanghai stocks fell to three-month lows on Wednesday, amid rising expectations that central banks will tighten liquidity, pushing interest rates higher.

At 04:20 GMT, the Shanghai Composite index was down 19.91 points or 0.6 per cent at 3,283.77, reports Reuters.

The blue-chip CSI300 index dropped 0.72 per cent, with its financial sector sub-index slipped 0.8 per cent, the consumer staples sector fell 0.75 per cent, and healthcare sub-index losses 0.41 per cent.

Chinese H-shares listed in Hong Kong fell 1.8 per cent at 11,277.89 while the Hang Seng Index was down 1.25 per cent at 28,481.64.

About 7.26 billion shares have traded so far on the Shanghai exchange, roughly 41.0 per cent of the market’s 30-day moving average of 17.72 billion shares a day.

The volume traded was 20.83 billion as of the last full trading day.

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