To read further, please register free and login
[s2If !current_user_can(access_s2member_level1)][lwa][/s2If] [s2If current_user_can(access_s2member_level1)]

Market Update: The SHANGHAI Index fell 0.54%
The Shanghai Composite fell 19.43 points or 0.54% to 3580.11 on Tuesday, retreating from gains of 0.21% in the previous session and slipping from near 4-month highs as traders were downbeat following reports that there were 33 new COVID-19 cases in the mainland on Monday, up from 19 a day earlier. News that Beijing stepped up a crackdown on bitcoin trading and mining also rattled risk appetite, along with reports that a slew of crypto-related accounts in Chinas Twitter-like Weibo platform was blocked over the weekend. On the trade front, China’s imports rose the most in ten years in May, amid surging demand for raw materials, while export growth slowed more than expected on disruptions caused by COVID-19 cases at the country’s major southern ports. Meantime, the Hang Seng Index lost 47.63 points or 0.17% to 28739.65. The benchmark is on track for its 5th straight day of decline, equaling its longest losing streak in 10 weeks. [/s2If]
Join Our Telegram Group