Chinese bond selloff hits Mainland stocks

The Mainland China equity market closed volatile session down on Monday, 30 October 2017, on renewed fear of liquidity crunch after reports of a new wave of initial public offerings and a further rise in bond yields. Eight out of the 10 industry groups on the CSI 300 dropped, lead by consumer and resources shares. The Shanghai Composite fell 0.8%, or 26.48 points, to 3,390.34, ending a six-day, 1.4% winning streak - the biggest gain since August 11. The CSI 300 Index of big-cap companies slid 0.3% to 4,009.72.

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