China's Mainland Stock Markets Close Low in Morning
Xu Wei
DATE:  Mar 08 2019
/ SOURCE:  yicai

(Yicai Global) March 8 -- Chinese mainland stocks rebounded briefly, but markets then plunged this morning as sentiment buffeted by unfavorable ratings lingered with investors.

The Shanghai Composite Index set off at 3,016.22, down 2.90 percent and swapped over CNY332.8 billion (USD50 billion).

The Shenzhen Component Index dropped 1.55 percent to 9,528.02 with turnover of CNY406.5 billion.

The ChiNext price Index, which tracks growth enterprises in Shenzhen, scaled down 0.71 percent to 1,680.39, and turned over CNY126.3 billion.

Huatai Securities slapped the unfavorable rating on China Securities, whose shares [SHA:601066] fell 7.61 percent to CNY28.79, while Citic Securities served it out to People's Insurance Company (Group) of China [SHA:601319], which dropped 9.98 percent to CNY11.55.

Editor: Ben Armour

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