You are here: Home » News-CM » International » Market Report
Business Standard

China Stocks fall on Anbang news

Capital Market 

The Mainland closed lower on Wednesday, 14 June 2017, as investors sentiment was soured by a media report alleging a probe of the head of financial conglomerate Anbang Insurance Group, plus weak May investment data that deepened worries of economic deceleration.

The International Monetary Fund's forecast of a 6.7% growth for China's economy this year, slightly higher than 6.6% last year, didn't ignite the market. The Shanghai Composite Index shed 0.73% to end at 3,130.67 points.

Powered by Capital Market - Live News

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

First Published: Wed, June 14 2017. 17:01 IST