China: Stocks flat as post-Brexit rebound leads to profit-taking
[SHANGHAI] China stocks ended little changed on Thursday as investors took profits on this week's rebound after heavy selling last week triggered by Britain's vote to leave the European Union.
The blue-chip CSI300 index rose 0.1 per cent to 3,153.92, while the Shanghai Composite Index lost 0.1 per cent to 2,929.61 points.
China stocks have been largely screened from the Brexit-triggered turmoil in global markets due to their strict capital controls, but after bouncing for three days in a row, traders say the rally is losing steam with no good news in sight.
Sector performance was mixed.
Weakness in resources, infrastructure and transportation sectors offset gains in consumer and healthcare shares.
Investors are now looking to factory and service sector activity surveys on Friday for more clues on the health of China's economy.
REUTERS
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
Europe: Shares end higher on tech support; banks slide
US: Stocks rally on cooler hiring numbers
Singapore stocks end week in the red; STI down 0.1%
Asia: Markets track Wall Street higher as rate hopes rise, eyes on US jobs
H2G Green chief to stand trial on Aug 5 amid MOM probe
Singapore shares climb at Friday’s open; STI up 0.2%