Shanghai: Stocks fall to lowest level in month on commodities slump
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[SHANGHAI] China's stocks fell, extending the biggest weekly decline in almost three months, as financial and commodity companies slumped.
The Shanghai Composite Index dropped 1.1 per cent. The benchmark gauge tumbled 3.9 per cent last week after commodity exchanges moved to cool trading in raw materials and the central bank signaled less of an appetite for adding monetary stimulus following evidence of an acceleration in growth.
The Shanghai index dropped to 2,925.74 at 9:37 am local time, heading for the lowest level since March 29.
BLOOMBERG
Share with us your feedback on BT's products and services
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Amazon’s MGM Studios gains creative control over ‘James Bond’ franchise
UOB’s Wee Ee Cheong says S$4.9 billion Citi deal ‘paying off’ as Asean push accelerates
In taxing wealth, how far can Singapore push property owners?
