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Wednesday, August 17, 2022

Shanghai shares end down 1.06pc on economy concerns

Shanghai shares end down 1.06pc on economy concernsSHANGHAI: Shanghai shares closed down 1.06 percent on Wednesday as weakness in the yuan and worse-than-expected economic figures hurt sentiment, dealers said.

The benchmark Shanghai Composite Index lost 41.59 points to 3,886.32 on turnover of 597.1 billion yuan ($ 94.3 billion).

The Shenzhen Composite Index, which tracks stocks on China’s second exchange, dropped 1.54 percent, or 35.09 points, to 2,249.18 on turnover of 506.7 billion yuan.

Copyright AFP (Agence France-Presse), 2015

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