China: Stocks give up gains as investor sentiment remains weak
[SHANGHAI] China stocks surrendered initial gains and closed lower on Tuesday, a reflection of weak investor sentiment amid worries about the economy.
The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 0.2 per cent, to 3,106.32, while the Shanghai Composite Index lost 0.4 per cent, to 2,878.56 points.
The indexes rose in the morning session, tracking global markets as expectations grew that British voters will opt to remain in the European Union in Thursday's referendum.
But the market suffered a bout of selling in the afternoon session, with small-caps leading the declines.
Shenzhen's start-up board ChiNext lost 1.4 per cent.
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
Mixed trading in Asia as investors watch for further macro data; STI down 0.2%
Vietnam delays launch of new stock trading system
Hong Kong bourse regains favour on hopes of a market revival
Asia: Markets rise as strong US tech earnings offset poor data
Singapore shares open lower on Friday; STI down 0.1%
Stocks to watch: CLI, Great Eastern, MIT, Sheng Siong, iFast, OUE, Far East Orchard