Profit-Taking Pressures Chinese Stocks
Tang Shihua
DATE:  Aug 04 2020
/ SOURCE:  Yicai
Profit-Taking Pressures Chinese Stocks Profit-Taking Pressures Chinese Stocks

(Yicai Global) Aug. 4 -- Stock markets on China's mainland mostly fell this morning as investors cashed in their chips after yesterday’s huge gains.

The Nasdaq-like Shanghai's Star 50 index, which reflects technology growth stocks on Shanghai’s Science and Technology Innovation Board, was the leading loser, it went down 2.37 percent to 1,584.34, after vaulting 7.26 percent yesterday.

The ChiNext Price Index, which tracks growth enterprises in Shenzhen, also dipped 0.77 percent to 2,846.87.

The large-cap heavy Shanghai Composite Index closed 0.09 percent higher at 3,371.00, while the Shenzhen Component Index stood at 13,882.94, down 0.58 percent.

Editor: Ben Armour

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Keywords:   Stock Market,Midday Market