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China Stocks end 1% down

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Mainland closed down on Wednesday, 30 November 2016, as concerns over liquidity squeeze after official data showing the People's Bank of injected a mere 15 billion yuan in November through open market operations, compared with October's 441 billion yuan. Most of SSE sectors declined, with energy and materials issues being major losers.

The blue-chip CSI300 index fell 0.73%, to 3,538. The Shanghai Composite Index lost 1% to 3,250.03 points, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, dropped 0.16% to 2,106.91. For the month, CSI300 surged 6%, its best monthly gain in eight months, while the SSEC gained 4.8%.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, November 30 2016. 17:17 IST