You are here

Shanghai: Stocks reverse earlier gains to close lower

Monday, March 28, 2016 - 15:51

shanghaistock280316.jpg
[SHANGHAI] Shanghai stocks closed lower on Monday, reversing earlier gains that were fuelled by data showing profits at China's key industrial companies rose in January-February for the first time since mid-2015.

[SHANGHAI] Shanghai stocks closed lower on Monday, reversing earlier gains that were fuelled by data showing profits at China's key industrial companies rose in January-February for the first time since mid-2015.

The benchmark Shanghai Composite Index lost 0.73 per cent, or 21.61 points, to 2,957.82, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, fell 0.56 per cent, or 10.52 points, to 1,874.66.

The Hong Kong stock market was closed for a holiday.

AFP

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom