Caspian Energy Journal Caspian European Club
Monday, 08 October 2018 11:00

Chinese stocks slump

Chinese stocks slump

Chinese stocks tumbled as the nation’s markets resumed trading, putting them on course for their worst performance after the week-long October holiday since 2008. The yuan dropped with bond futures, Caspian Energy News ( reports with reference to Bloomberg.

The CSI 300 Index slid 3.6 percent as of the mid-day break, led lower by tech companies, after Hong Kong equities tumbled last week. China’s currency fell as much as 0.5 percent against the dollar to its weakest since mid-August. Futures on 10-year sovereign bonds dropped 0.2 percent.

Foreign investors dumped 6.8 billion yuan ($986 million) worth of A shares via the stock connects as of mid-day break, Bloomberg calculations based on daily trading turnover showed, set for the biggest net sale since Feb. 6.

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Person in charge of the newsline: Olga Nagiyeva 

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