Forex News: China shares extend losses in afternoon on continued selling in banks, property developers. Shanghai Composite down 4.4% at 2657.30 vs 2765.15 intraday high in moderate trade, tipped to test 2600 tomorrow. "Investors are either retreating or staying on the sidelines, due to uncertainties in domestic economic fundamental," says Jacky Zhang at Capital Securities. Players await China's June CPI, 2Q GDP results due tomorrow. China Merchants Bank (600036.SH) down 5.3% at CNY21.74, Shanghai Pudong Development Bank (600000.SH) down 4.9 at CNY20.76. Developer Poly Real Estate Group (600048.SH) down 6.4% at CNY14.15.
0 comments:
Post a Comment