China Market falls to fresh 1-month low

Mainland China stock market ended down on Friday, 29 April 2016, after China central bank has raised the yuan exchange rate against the US dollar at the sharpest pace since 2005 and on caution ahead of April factory PMI data during weekend. Sentiments were also downbeat on rising worries about corporate creditworthiness. The benchmark Shanghai Composite Index declined 7.27 points, or 0.25%, to 2938.32. The CSI 300 Index, measuring exchanges in Shanghai and Shenzhen, fell 3.83 points, or 0.12%, to 3156.75.

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