Naharnet

China Growth Slowdown Sends Shanghai Stocks Marginally Lower

Shanghai stocks retreated Monday after China released data showing growth at its slowest rate for six years in July-September, although losses were tempered by hopes of fresh stimulus measures.

The benchmark Shanghai Composite Index slipped 0.14 percent, or 4.65 points, to 3,386.70. The Shenzhen Composite Index, which tracks stocks on China's second exchange, edged up 0.14 percent, or 2.68 points, to 1,969.64.

In Hong Kong the Hang Seng Index reversed early losses to end marginally higher, adding 8.24 points to 23,075.61.

Source: Agence France Presse


Copyright © 2012 Naharnet.com. All Rights Reserved. https://www.naharnet.com/stories/en/192323