Chinese Shares Muted Over Looming Trade Woes With US

MT Newswires Live10-22

Chinese shares closed flat on Wednesday as trade tensions still linger, despite

The Shanghai Composite Index marginally slipped to 3,913.76, while the Shenzhen Component Index lost 0.6%, or 80.71 points, to 12,996.61.

Although U.S. President Donald Trump expects a fair trade deal when meeting with Chinese President Xi Jinping, investors are still on edge about how the talks will turn out when the presidents meet in South Korea.

In corporate news, Jiangling Motors' (SHE:000550, SHE:200550) A and B shares both dipped around 6% after its third-quarter attributable profit plunged 94% year over year to 16.4 million yuan.

Brother Enterprises (SHE:002562) dropped 3% after its controllers' stake decreased to 38.7% from 44.6% due to various transactions.

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