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FX.co ★ Chinese shares losing value

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Analysis News:::2020-06-29T12:55:05

Chinese shares losing value

Chinese shares losing value

Economic recovery is still under pressure of COVID-19 due to the rapid growth in the number of new cases. This caused a fall in Chinese shares.

On Wall Street, stocks dropped by more than 2% last week.

The Shanghai Composite Index fell by 0.61% to 2,961.52 points, while the blue-chip CSI300 index ended down 0.71% to 4.109.72 points.

The financial sector sub index was down by 1.42%, the consumer goods sector added 0.37%, the real estate index dropped by 1.65%, and the health sector grew up to 0.5%.

The ChiNext Composite startups index decreased by 0.42%.

The biggest losers are Anhui Xinli Finance Co, China National Medicines Corp and Ningbo Heli Mold Technology Co shares, which lost 10.02%, 10% and 9.97% respectively.

The Hong Kong Hang Seng Index fell down by 1.01% to 24,301.28 points, while the Hang Seng China Enterprises Index shed 0.97% to 9,757.69 points.

Analyst InstaForex
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