China: Shares end flat, caught between weak yuan, stimulus hopes
[HONG KONG] Shanghai shares ended flat on Thursday, as concerns about further yuan weakness and instability in Europe after Brexit offset expectations of more stimulus measures to support the economy.
News of a rise in non-performing loans at the country's banks also rattled investors.
The Shanghai Composite Index ended flat at 3,016.85 points. The blue-chip CSI300 index slid 0.21 percent to 3,209.95 points, ending eight straight days of gains.
Outstanding non-performing loans in China's banks exceeded the two trillion yuan ($299.21 billion) mark at the end of May, according to a senior banking regulator official.
Sector performance was mixed with banks sliding on worries over rising bad loans. Consumer stocks, resources, and healthcare rose.
REUTERS
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Bitcoin 'halving' has taken place: CoinGecko
Wall Street bonus rules return to regulatory agenda in third try
US: Nasdaq, S&P tumble as Netflix, chip stocks drag
Europe: L’Oreal gains cap third week of declines
China to facilitate Hong Kong IPOs and expand Stock Connect
Global equity funds see surge in outflows as rate cut hopes fade