Chinese Stocks' Rally Fades Away on Week's Last Trading Day
Tang Shihua
DATE:  Nov 06 2020
/ SOURCE:  Yicai
Chinese Stocks' Rally Fades Away on Week's Last Trading Day Chinese Stocks' Rally Fades Away on Week's Last Trading Day

(Yicai Global) Nov. 6 -- China's mainland stock markets ended the day lower, even though bargain-hunting helped major equity benchmarks to recover slightly. However, this week has delivered major gains to the indexes.

Growth stocks were hit the hardest today. The Star 50 Index, which follows tech stocks on Shanghai’s Nasdaq-style board, was down 2.30 percent to 1,441.47 by the closing bell. But it still has risen 3.41 percent this week. The ChiNext Price Index was down 1.97 percent to 2,733.07 in the afternoon -- yet a 2.91 percent jump this week.

The Shanghai Composite Index slid 0.24 percent to 3,312.16. Its gain for this week was 2.72 percent. The Shenzhen Component Index stood at 13,838.42, down 0.40 percent. It has climbed a whopping 4.55 percent this week.

Editor: Emmi Laine

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Keywords:   Stock Market,Market Close