Poor Macroeconomic Data Drags China's Stocks Down at Close, Realty Rises
Xu Wei
DATE:  Sep 14 2017
/ SOURCE:  Yicai
Poor Macroeconomic Data Drags China's Stocks Down at Close, Realty Rises Poor Macroeconomic Data Drags China's Stocks Down at Close, Realty Rises

(Yicai Global) Sept. 14 -- Though Chinese stock markets perked up after opening, the release of poor macroeconomic data piqued the main indices into a downturn.

Resource stocks continued their slide, while real estate shares shone among the top gainers.

The Shanghai Composite Index closed at 3,371.43 points, down 0.38 percent, with CNY256.7 billion exchanged.

The Shenzhen Component Index dropped 0.19 percent, to 11,070.49 points, turning over CNY329.6 billion.

The Growth Enterprise Index slipped 0.49 percent to 1,879.25 points, with turnover of 83.9 billion yuan.

China's consumer good retail sales grew 10.1 annual percentage points last month, the lowest growth since February, the National Bureau of Statistics reported today. China's value added by above-scale industry was the lowest for the second time since December 2015.

Shrinking turnover will expose Chinese markets to short-term downward pressure, analysts opined.

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Keywords:   Shanghai Composite Index,Shenzhen Component Index,Growth Enterprise Index,A-Shares