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CMGMarkets

Chinese Stocks Closed Lower Amid Concerns Over Trading

On Friday, Chinese stocks closed lower amid doubts about the prospects for trade negotiations between China and the United States. The Shanghai index sank to a three-month low.

Since August 26, the Shanghai Composite fell 0.6% to 2,871.98 points minimum. Both indices finished in the red.

The blue chip index CSI300 fell 0.9% to 3.828.67 points. Over the week, the index lost 0.6%.

The US president signed Congressional legislation on Wednesday to support protesters against the Hong Kong government.

China announces that US attempts to intervene in Hong Kong are doomed to failure. Health sector shares led the way, dropping 2.8% after manufacturers cut drug prices in China.

The MSCI, excluding Japanese stocks, fell to 1.14%.

The Hong Kong index closed with a 2% decline to 26.346.49 points.