China stocks down over 1% with property and banking stocks leading the slide

Reuters2021-09-16

SHANGHAI, Sept 16 (Reuters) - China's stock benchmarks dropped over 1% on Thursday, with property and banking stocks leading the slide.

The blue-chip CSI300 index fell 1.2% to 4,807.70, while the Shanghai Composite Index lost 1.3% to 3,607.09 points.

Hong Kong-listed shares of China Evergrande slumped 6.4% to the lowest in a decade.

Its main unit, Hengda Real Estate Group Co Ltd, halted trading of its onshore corporate bonds following a downgrade.

The CSI300 Real Estate Index tumbled more than 3%.

The CSI300 banking index dropped 1%.

Shanghai's tech-heavy STAR Market and Shenzhen's start-up board ChNext both lost 2.4%.

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Comments

  • Johnhz
    2021-09-17
    Johnhz
    China valuation look cheap 
  • SGboy
    2021-09-16
    SGboy
    Due to new policy over tech, properties and education, especially Biggest developer 恆大 having trouble paying it's interest.I think this will continue to adjust.
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