Shanghai Stock Index Declines Below Key Psychological Level
- Gauge of Shanghai-listed stocks falls below 3,000 points
- Investor confidence shaken by stringent policies: Shen Meng
This article is for subscribers only.
A gauge of Shanghai-listed stocks closed below a key psychological level as concerns over China’s economic recovery and geopolitical tensions continue to weigh on sentiment.
The Shanghai Stock Exchange Composite Index dropped 0.2% to below the 3,000 points level, the first time since late March. Kweichow Moutai Co. and Agricultural Bank of China Ltd. were the biggest drags on the gauge.