China shares fall on weak sentiment; Shanghai at near 4-yr low [Reuters]
China Petroleum & Chemical Corporation (SNP)
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Source: Reuters
China shares fall on weak sentiment; Shanghai at near 4-yr low | Reuters 5 Min Read * SSEC -2.0 pct, CSI300 -1.5 pct, HSI -0.2 pct * Social financing data dip seen as failing to support sentiment * Shenzhen, small-cap, start-up indexes likely oversold - analysts SHANGHAI/HONG KONG, Oct 18 (Reuters) - China stocks dropped on Thursday, while the Shanghai Composite index touched its lowest in nearly four years, amid investor concerns about lean domestic growth with the country’s premier warning of increasing downward pressure. ** At the midday break, the Shanghai Composite index was down 51.00 points or 1.99 percent at 2,510.62, after touching its lowest since Nov. 24, 2014. ** China’s blue-chip CSI300 index was down 1.51 percent, with its financial sector sub-index down by 1.26 percent, the consumer staples sector slipped 1.48 percent, the real estate index lost 1.52 percent and the healthcare sub-index falling 2.5 percent. ** China’s economy faces increasing downward pressure, and the
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