Chinese Stocks End Wednesday in Red
(MENAFN) Chinese equities ended sharply lower on Wednesday, with major indexes posting broad losses amid heightened trading activity in tech-related sectors.
The Shanghai Composite Index fell 1.76%, settling at 3,800.35 points, while the Shenzhen Component Index declined 1.43% to finish at 12,295.07.
Market turnover surged to 3.17 trillion yuan (approximately $445 billion), rising significantly from Tuesday’s 2.68 trillion yuan, indicating increased investor activity.
Trading volume was dominated by the computing power and chip industries. While computing power hardware stocks maintained their momentum, chip-related shares spiked before paring back gains later in the session.
Sectors tied to rare earths and semiconductors led the upside. In contrast, major losses were recorded in real estate, liquor, beauty care, and innovative pharmaceuticals.
The ChiNext Index, which tracks China's Nasdaq-style board for growth enterprises, shed 0.69%, ending the day at 2,723.2 points.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
