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China Stocks Falter on Trade Risks

China stock market ended down on Wednesday after US President Donald Trump issued fresh threats to China, and as developers dropped on a less supportive policy tone from Beijing. 
The Shanghai Composite index closed 0.7 per cent weaker at 2,932.51 points, ending the month down 1.6 per cent. The blue-chip CSI300 index ended down 0.9 per cent on Wednesday but edged up 0.3 per cent month-on-month.  CSI300’s financial sector sub-index was lower by 1.3 per cent, the consumer staples sector was down 1.1 per cent and the healthcare sub-index dropped 0.6 per cent.
Hong Kong’s markets were suspended in the early afternoon as the city braced for a tropical storm. Before trading halted, Chinese H-shares listed in Hong Kong were down 1.3 per cent. The Hang Seng Index was also down 1.3 per cent at 27,777.75, its lowest level since June 11. The smaller Shenzhen index was down 0.7 per cent and the start-up board the ChiNext Composite index was weaker by 0.6 per cent.
Trump on Tuesday warned China against waiting out his first term to finalize any trade deal, saying if he wins re-election in the November 2020 US presidential contest, the outcome will be worse for China.
Read EquityPandit’s Nifty Outlook for the Week

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