07 Jul China stocks fall as U.S. rate cut expectations ease; new listings weigh
Chinese stocks fell on Monday,
with the benchmark Shanghai Composite index posting its biggest
daily loss in more than two months, as investors scaled back
expectations for sharp U.S. rate cuts and a slew of new listings
this week weighed on tech shares.
** At the close, the Shanghai Composite index was down
2.58% at 2,933.36, in its biggest daily loss since May 6.
** The blue-chip CSI300 index was down 2.32%, its
biggest daily loss since May 17. The financial sector
with the benchmark Shanghai Composite index posting its biggest
daily loss in more than two months, as investors scaled back
expectations for sharp U.S. rate cuts and a slew of new listings
this week weighed on tech shares.
** At the close, the Shanghai Composite index was down
2.58% at 2,933.36, in its biggest daily loss since May 6.
** The blue-chip CSI300 index was down 2.32%, its
biggest daily loss since May 17. The financial sector
Sorry, the comment form is closed at this time.