Shanghai shares end at two-month low as traders gauge lacklustre data

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The Star 1w ago

Shanghai shares end at two-month low as traders gauge lacklustre data - The Star

Quick Summary:

SHANGHAI: Mainland China and Hong Kong stocks ended lower on Monday, with the key benchmark closing at its lowest level in more than two months, dented by a flurry of weaker-than-expected data that showed the property sector remains a key drag on the economy.

At the close, the Shanghai Composite index was down 0.55% at 3,015.89 points, the lowest close since April 16.

Around the region, MSCI's Asia ex-Japan stock index was weaker by 0.2%, while Japan's Nikkei index closed 1.8% lower.