Shenzhen stocks slump to 6-month low

  • February 1, 2018
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February 1, 2018

Stocks in Shenzhen were at their lowest in more than six months on Thursday with China-focused companies struggling to catch on as equities mostly rebounded across Asia Pacific. 

The Shenzhen Composite index was down 2.4 per cent at the lunch break to its lowest since July 19 last year, as all major market segments declined. 

The index is down 1 per cent so far this year while other regional bourses have seen strong gains amid a rally for global stocks. Hong Kong’s Hang Seng China Enterprises index is up 15.6 per cent for 2018, Korea’s Kospi Composite is up 4 per cent and Tokyo’s Topix is up 2.5 per cent.

The broader CSI 300, composed of major Shanghai and Shenzhen-listed companies, was 1.1 per cent lower on Thursday with a gain for financials offset by declines across the other segments.

The Financial Times Limited 2018. All rights reserved.

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