Correction is coming, analysts say as Shanghai Composite hits four-week low amid concerns Beijing will scrap stimulus measures

//Correction is coming, analysts say as Shanghai Composite hits four-week low amid concerns Beijing will scrap stimulus measures

Correction is coming, analysts say as Shanghai Composite hits four-week low amid concerns Beijing will scrap stimulus measures

All leading Chinese benchmarks ended Friday lower, with the Shanghai Composite Index dropping to a four-week low after losing 1.2 per cent. In Hong Kong, the Hang Seng Index rose 0.19 per cent, or 55.21 points, to close at 29,605.01.The Shanghai Composite, which also recorded its worst weekly drop for the year, was down 37.43 points at 3,086.4. Over the whole week it shed 5.6 per cent. On Friday, financials and industrial stocks pushed the index lower – China Merchant Bank was down 3.02 per…

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By | 2019-04-26T10:48:25+00:00 April 26th, 2019|Business|Comments Off on Correction is coming, analysts say as Shanghai Composite hits four-week low amid concerns Beijing will scrap stimulus measures