Chinese Stock Markets Closed Lower; Electric Grids, Media Swam Against the Current
Zhang Yushuo
DATE:  Dec 26 2018
/ SOURCE:  yicai

(Yicai Global) Dec. 26 -- Chinese stock markets on the mainland closed lower today despite rallies in sectors related to ultra-high voltage, smart grid and media. 

The Shanghai Composite Index failed to rise above the 2,500-point mark, while closing at 2,498 points, 0.29 percent down. Trading volume was CNY9.4 billion (USD1.4 billion). The Shenzhen Composite Index closed 0.58 percent lower at 7,289.54 points, with a turnover of CNY13.7 billion (USD2.0 billion). The Growth Enterprise Market Index closed at 1,264.07 points, 0.74 percent down, with a CNY4.6 billion (USD6.7 million) worth of stocks changing hands.

Sectors including fifth-generation mobile networks, investment and distillers led the slump.

In Japan, the Nikkei-225 Index closed 0.89 point higher at 19,327.06. The benchmark fell below 19,000 shortly after opening. The Tokyo Stock Exchange Tokyo Price Index rose 1.12 percent to close at 1431.47. 

Editor: Emmi Laine

Follow Yicai Global on
Keywords:   Stock Market,Shanghai Stock Exchange,Shenzhen Component Index