China's Stock Markets Close at Intraday Low
Tang Shihua
DATE:  Jan 30 2019
/ SOURCE:  yicai

 (Yicai Global) Jan. 30 -- China's stock markets closed at their intraday low today, unable to sustain an early rebound that had temporarily taken the major indexes back into positive territory at the lunch break. 

Concerns over a slowdown in economic growth and  multiple earnings warnings from major listed firms weighed heavy on the  minds of investors.

The Shanghai Composite Index closed 0.72 percent  lower at 2,575.58 points while the Shenzhen Component Index fell 1.07  percent to 7,470.47. The ChiNext Price Index, which tracks growth  enterprises in Shenzhen, closed 1.03 percent lower at 1,230.82.

Among the major industries, only the property  sector made gains today while internet-related stocks continue to  flounder. Other major losers included the software, commercial services,  media, building materials and furniture sectors.

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Keywords:   Stock Markets,Shanghai Composite Index,Shenzhen Component Index,ChiNext Price Index