China Stocks fall on regulatory intervention woes

The Mainland China equity market finished session softer after swinging between gains and losses on Tuesday, 11 July 2017, due to state media reports that the stock market regulator was clamping down on stock buying by fund managers ahead of purchases by their funds. Banking and consumer stocks led the advance, while material firms took a breather after recent strong gains amid an industry recovery and a weaker dollar. The blue-chip CSI300 index rose 0.5% to 3,670.81 points, while the benchmark Shanghai Composite Index was down 0.3% to 3,203.04 points. The Shenzhen Composite Index, which tracks stocks on China's second exchange, declined 0.72% to 1,891.60. The ChiNext Index, China's NASDAQ-style board of growth enterprises, lost 1.07% to close at 1,783.91 points.

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