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Stock Market: Chinese stocks fall

Stock Market: Chinese stocks fall

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Chinese stocks fell on Thursday as data showed a drop in industrial activity for the month of June, raising concerns about the pace of recovery.

 

Following the latest data on the state of China’s industry, stocks fell, leading to serious concerns among investors. As a result, the major Chinese stocks, grouped under the CSI300 index, were down 0.23% at midday on Thursday.

 

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The Shanghai Composite Index was down 0.07% to 3,588.55 points. The sectors most affected by this decline are the industrial (-1.11%) and materials (-0.8%) sectors. This is explained by the decline in Chinese factory activity in the month of June 2021.

 

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