Investors moved cautiously before potential announcements of policy details and specific signals of support for sectors such as real estate and infrastructure from Beijing, said Linus Yip, chief strategist from First Shanghai Securities.
HONG KONG: China shares declined on Thursday as investors were rattled about a standoff between Washington and Beijing over a new Hong Kong law and awaited clues of further policy support from the ongoing Chinese parliamentary meeting.
The Shanghai Composite index was down 0.4% at 2,826.91 points, retreating from a one-week high hit early in the session.
China's blue-chip CSI300 index was also down 0.4%, with its financial sector sub-index climbing 0.8%, the consumer staples sector down 0.8%, the real estate index up 0.7% and the healthcare sub-index down 2.5%.
Chinese H-shares listed in Hong Kong lost 1.1%, while the Hang Seng Index dived 1.8% to 22,878.98. ** The smaller Shenzhen index slid 1.3% and the start-up board ChiNext Composite index was weaker by 2%.
Limited time offer:
Just RM5 per month.
