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Tuesday, August 16, 2022

Shanghai shares fall 0.40pc by the break

Shanghai shares fall 0.40pc by the breakSHANGHAI: Shanghai shares fell 0.40 percent by the break on Tuesday despite China announcing a sharply lower value for its yuan currency, which could boost exports and the overall economy, dealers said.

The benchmark Shanghai Composite Index lost 15.56 points to 3,912.86.

The Shenzhen Composite Index, which tracks stocks on China’s second exchange, added 0.25 percent, or 5.80 points, to 2,280.64.

Copyright AFP (Agence France-Presse), 2015

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