China Market recovers on bottom fishing

The Mainland China equity market closed session lower on Thursday, 21 June 2018, as concerns over a trade spat between China and the United States weighed on sentiment. Market losses were, however, limited as upbeat comments from domestic media and a burst of share purchase plans by listed companies soothed immediate panic over a Sino-U.S. trade war. The CSI 300, which tracks blue-chip stocks listed in Shanghai and Shenzhen, declined by 1.17%, or 42.47 points, to 3,592.97, while the Shanghai Composite Index lost 1.37%, or 39.92 points, to 2,875.81. The Shenzhen Composite Index fell by 2.13%, or 34.27 points, to 1,578.33 and the Nasdaq-style ChiNext Price Index retreated 2.69%, or 42.11 points, to 1,521.68.

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