Shanghai Composite Index falls 1.5% to one-month low

Mixed investor sentiment and stable lending rates weigh on Chinese equities despite earlier hopes for policy-driven rebound.

Photo: Eric Prouzet

Key Takeaways

• The Shanghai Composite Index dropped 1.5%, hitting its lowest level in a month.
• Fluctuations were primarily driven by the central bank maintaining its lending rates and uncertain market sentiments.

The Shanghai Composite Index, China’s primary stock market benchmark, fell 1.5% during Friday’s session to reach its lowest point in a month.

The index reflects the performance of stocks traded on the Shanghai Stock Exchange and has experienced recent fluctuations influenced by unchanged central bank lending rates and mixed market sentiments.

Brokerage stocks have experienced notable fluctuations amid the recent market movements, contributing to the overall decline in the benchmark index.

The Shanghai Composite has faced pressure despite ongoing policy support and previous investor confidence in economic stimulus measures.

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