SHANGHAI: The Shanghai Composite Index (SHCOMP) decreased 0.6 percent to 2,881.28 at the 11:30 a.m. break, after increasing as much as 2.7 percent and declining 3 percent.
Jiangxi Copper Co. and China Shenhua Energy Co. fell more than 4 percent to lead declines for coal and copper shares. Haitong Securities Co. and China Construction Bank Corp. jumped more than 9 percent. Bank of China Ltd. added 1.1 percent after losing as much as 3.1 percent.
“The market is becoming very speculative,” said Wang Zheng, the Shanghai-based chief investment officer at Jingxi Investment, which oversees about $120 million. “Such a rally is unsustainable for sure. The market will be in for a very wild ride up and down next week.”
The Shanghai Composite’s 19 percent surge over the past month, the most among 93 global indexes tracked by Bloomberg, is spurring mainland investors to open share accounts at the fastest pace in three years and sending trading values to all-time highs.
shanghai shares start week with losses 25 june 2018
Hong Kong, (UrduPoint / Pakistan Point News - 25th Jun, 2018 ) :Hong Kong and mainland Chinese stocks fell on...
