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China Stocks edge lower

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Capital Market
Mainland China stock market declined for second straight session on Tuesday, 06 December 2016, as investors contemplated the possible repercussions on trade from scathing comments by a top securities regulator about "barbaric" share acquisitions. Most sectors lost ground, while gains were only seen in defensive consumer and healthcare sectors, perceived as prominent beneficiaries of the newly launched Shenzhen-Hong Kong stock connect. The Shanghai Composite Index dropped 0.16%, to 3,199.65, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, added 0.16% to 2,071.44. The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, fell 1% to close at 2,122.26 points.

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First Published: Dec 06 2016 | 3:14 PM IST

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