China Market falls to near 1-year low

The Mainland China equity market closed down for fourth straight session on Tuesday, 17 April 2018, amid escalating concerns over trade tensions between China and the United States after the US banned ZTE from buying key American technology. The escalating trade tensions between the world's two largest economies overshadowed positivism prompted by a better than expected growth figure for China's economy in the first three months. The benchmark Shanghai Composite Index lost 1.41%, or 43.85 points, to 3,066.80, the lowest close since 24 May 2017. The Shenzhen Composite Index, which tracks stocks on China's second exchange, tumbled 2.2%, or 40.21 points, to 1,784.56.

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