Equities in China post declines

Source: Xinhua | 2018-05-25

CHINA’S equities markets ended lower yesterday, with the defense and military industry as well as electronics makers the top losers.

The Shanghai Composite Index fell 0.45 percent to 3,154.65.

The Shenzhen Component Index shed 0.63 percent to 10,564.13 points, while the Nasdaq-style ChiNext enterprise board dipped 0.41 percent to 1,838.40.

Analysts cited the losses to a lack of favorable factors.

Shenzhen-listed Jianglong Shipbuilding Co Ltd closed 5.26 percent lower at 18 yuan (US$2.82).

But buoyed by the State Council’s plan to further deepen reform and opening-up in pilot free trade zones in three coastal areas, shares of Hainan-theme related companies rose. Hainan Ruize New Building Material Co Ltd saw its stocks surge by the maximum cap of 10 percent to close at 13.27 yuan.