China Stocks End a Tad Lower

Shanghai– China blue-chip index edged lower on Tuesday on worries about COVID-19 flare-ups and slowing economic growth although property stocks jumped on news of policy support, Reuters reported.

The blue-chip CSI300 index fell 0.2%, while the Shanghai Composite Index gained 0.1%.

The Hang Seng index fell 1.1%, while the China Enterprises Index lost 1.3%.

Other Asian equity markets struggled for direction, hampered by worries over global growth following weak China data.

Most industry sectors slipped, with healthcare and non-ferrous metal down more than 1%.

Real estate developers listed in the mainland rose 1.6%, while mainland developers traded in Hong Kong jumped nearly 6%.

Source: Saudi Press Agency