Saturday , January 20 2018
Breaking News
Home / International Markets / China stocks dip, CSI 300 flat 3,454.23pts, Shanghai Composite loses 0.4pc
China stocks dip, CSI 300 flat 3,454.23pts, Shanghai Composite loses 0.4pc

China stocks dip, CSI 300 flat 3,454.23pts, Shanghai Composite loses 0.4pc

SHANGHAI: China stocks decreases on Tuesday as trading quieted down with many shareholders uneven interest to year-end and a holiday weekend.
Traders said investors were still bargain-shopping among blue-chips and selling small caps.
The CSI300 index was flat at 3,454.23 points at the end of the morning session, while the Shanghai Composite Index lost 0.4 percent, to 3,155.28 points.
Barring a last-minute crash, Shanghai is set to be the world’s best performing major exchange in 2014, up over 50 percent for the year. Argentina’s Merval index has gained about 57 percent, but it is far smaller.
On Tuesday, China CSI300 stock index futures for January rose 0.2 percent, to 3,476.2, which is 21.97 points above the current value of the underlying index.
Guosen Securities Co Ltd’s shares opened 10 percent higher at 9.24 yuan on Tuesday, rising by the daily maximum amount for the second consecutive day after the brokerage debuted on the Shenzhen stock exchange on Monday.
Green carmaker BYD Co Ltd shares rose 5.8 pct in Shenzhen after Shenzhen released supportive policy for electric cars; its Hong Kong shares rose 2.67 pct.