China Stocks closed down

Mainland China stock market declined for the first time in three sessions in row on Monday, 06 June 2016, as investors preferred to book gains made last week on caution before release of key economic data, with foreign reserves, trade and inflation data to be announced from Tuesday through Thursday. But losses were capped by growing hopes that MSCI will include Chinese shares in its emerging market index in a decision next week, which could spark foreign buying. Total 7 out of 10 SSE sectoral indices declined with consumer staples, financial, and energy issues being major losers. The CSI300 index of the largest listed companies in Shanghai and Shenzhen declined 0.33%, to 3178.79, while the Shanghai Composite Index dropped 0.16%, to 2934.10 points. The gauge jumped 4.2% last week for the first weekly advance in two months.

Powered by Capital Market - Live News