Big losses hit Chinese markets

Source: Xinhua | 2018-08-15

CHINESE shares fell yesterday following declines by steel, electronics and computer counters.

The Shanghai Composite Index dipped 0.18 percent to close at 2,780.96 points, and the Shenzhen Composite Index ended 0.68 percent lower to finish at 8,784.90 points.

Both markets suffered as shares of steel, electronics and computer companies lost heavily.

“The downward trend of Chinese stocks will continue in the next two or three weeks,” Sealand Securities said.

However, a recent development might provide some relief for Chinese equities.

Global index provider MSCI said in its most recent quarterly index review that it will be proceeding with the second phase of a partial inclusion of China A shares in the MSCI Emerging Markets Index and other indexes.