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China Market drops 0.2%

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The Mainland equity market closed softer on Friday, 14 September 2018, amid lingering worries over China's However, market losses were limited amid expectations for renewed trade talks between the U. S. and after the extended an invitation to for fresh trade talks. At closing bell, the benchmark Shanghai Composite Index fell 0.2%, or 4.93 points, to 2,681.64, meanwhile the Composite Index, which tracks stocks on China's second exchange, dropped 0.8%, or 11.06 points, to 1,402.51.

The blue-CSI300 index added 0.2%, or 5.52 points, to 3,242.09.

CURRENCY NEWS: China's yuan depreciated against the U. S. dollar on Friday, despite firmer mid-point fixing by Prior to market opening on Friday, set the yuan's midpoint rate at 6.8362 per dollar, 126 pips or 0.18 percent firmer than the previous fix of 6.8488. In the spot market, the onshore yuan opened at 6.8481 per dollar and was changing hands at 6.8538 at midday, 175 pips weaker than the previous late session close and 0.26 percent softer than the midpoint.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, September 15 2018. 08:32 IST