The Mainland China stock market finished the session deeply in red in volatile trade on Wednesday, 18 November 2015, as risk off selling triggered after Beijing moved to once again intervene in the market and President Xi Jinping statement that the world's second-biggest economy was facing considerable downward pressure. However losses were limited after data showing Chinese home prices rose for first time in over a year in October on an annual basis, suggesting a housing market stabilisation could help re-energise the listless economy. The day's notable decliners comprised industrial and technology stocks. The Shanghai Composite Index fell 1.01%, or 36.33 points, to close at 3568.47 points. The Shenzhen Composite Index, which tracks stocks on China's second exchange, fell 1.85%, or 41.30 points, to close at 2189.88. The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, was down 2.06%, or 55.89 points, to close at 2661.17.
Powered by Capital Market - Live News
