Shanghai Composite Index Slid to Finish Near 2,600 Points
Tang Shihua
DATE:  Dec 06 2018
/ SOURCE:  yicai

(Yicai Global) Dec. 6 -- Chinese stock markets were facing selling pressures today as investors reeled back some of the earlier optimism after new ingredients for a fresh trade dispute emerged. 

Investors grew increasingly worried about trade between China and the US after it was reported that Huawei Technologies' Chief Financial Officer Meng Wanzhou was detained in Vancouver on Dec. 1, the same day when the presidents of the US and China reached a 90-day truce at the G20 summit in Argentina. Meng could be extradited to the US after a court hearing scheduled for tomorrow. 

The Shanghai Composite Index slid 1.68 percent to close at 2605.81 points for the day. The Shenzhen Component Index declined 2.44 percent to 7735.05 points. The ChiNext Price Index finished the trading day with a 2.61 percent drop to 1345.76 points. 

Elsewhere in Asia, Hong Kong's Hang Seng Index fell 2.56 percent as of 3.27 p.m. Japan's Nikkei Index was closed down 1.91 percent.

Editor: Emmi Laine 

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