Chinese Mainland Stock Indexes Break Key Support Levels
Tang Shihua
DATE:  May 06 2019
/ SOURCE:  yicai

(Yicai Global) May 6 -- Two of China's three main stock benchmarks briefly fell below their major support levels early in afternoon trading as mainland markets continue their steep decline.

The Shanghai Composite Index was down 5.93 percent at 2,895.80 at 1.30 p.m., its lowest since February and breaking the psychologically important 2,900 figure, while the Shenzhen Component Index fell 7.04 percent to 8,994.42, breaking its 9,000 support level. Both have since climbed marginally back above the supports.

The ChiNext Price Index, which tracks growth enterprises listed in Shenzhen, slumped 7.1 percent to 1,507.1, closing in on its 1,500 support level.

Editor: James Boynton

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