China Market falls 0.73%

Mainland China stock market closed down after reversing initial gains on Monday, 28 March 2016, as investors opted withdrawing profit off the table on caution ahead of key economic figures later this week. Mainland Chinese shares have recovered 12 percent since hitting a January low, on hopes for fresh measures from Beijing to kickstart the economy, which is growing at rates not seen for a quarter of a century. Traders are now awaiting the release of closely watched manufacturing data at the end of the week, hoping for fresh signs of improvement in the Asian economic giant. The benchmark Shanghai Composite Index declined 21.61 points, or 0.73%, to 2957.82. The CSI 300 Index, measuring exchanges in Shanghai and Shenzhen, dropped 0.9 percent, to 3169.73.

Powered by Capital Market - Live News