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Stock impact report

China stocks extend losses on weak yuan; trade talks report caps fall [Reuters]

CHINA MOBILE (CHL) 
US:NYSE Investor Relations: chinamobileltd.com/en/ir/reports.php
Company Research Source: Reuters
China stocks extend losses on weak yuan; trade talks report caps fall | Reuters Reuters Staff 4 Min Read * Shares recoup some losses on Sino-U.S. trade talks report * SSEC -0.9 pct, CSI300 -0.6 pct, HSI -0.6 pct * HK-Shanghai Connect daily quota used 2.3 pct * Shanghai-HK daily quota used -2.9 pct SHANGHAI, Aug 16 (Reuters) - China stocks hit a near two-and-half-year low in early trading on Thursday as the yuan’s descent dampened investor confidence, but news of Sino-U.S. trade talks later this month helped recoup some of the losses. ** China said on Thursday a delegation would attend the next round of trade talks with U.S. counterparts in Washington later this month, in the latest bid to defuse a conflict that has set world markets on edge. ** The CSI300 index fell 0.6 percent, to 3,272.29 at the end of the morning session, while the Shanghai Composite Index hit its lowest level since March 2016 before ending 0.9 percent lower at 2,699.60. ** China’s yuan weakened to a 15-month low a Show less Read more
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