China’s stock benchmark drops from one-year high as carmakers weigh on sentiment

//China’s stock benchmark drops from one-year high as carmakers weigh on sentiment

China’s stock benchmark drops from one-year high as carmakers weigh on sentiment

China’s stocks fell from a one-year high, as carmakers retreated following a rally spurred by speculation about government stimulus to bolster car sales.The Shanghai Composite Index dropped 0.4 per cent, or 12.92 points, to 3,250.20 at the close on Thursday after rising to the highest level since March 2018 a day earlier. A gauge tracking auto stocks slumped 1.9 per cent after surging 7 per cent over the past two days, according to data provider Shanghai DZH. Hong Kong’s Hang Seng Index fell…

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By | 2019-04-18T11:14:48+00:00 April 18th, 2019|Business|Comments Off on China’s stock benchmark drops from one-year high as carmakers weigh on sentiment