China stocks close lower on COVID-19 concerns

china stocks close lower on covid 19 concerns

Sumary of China stocks close lower on COVID-19 concerns:

  • Article content SHANGHAI — China stocks closed lower on Friday as domestic COVID-19 cases and a new and possibly vaccine-resistant coronavirus variant weighed on investor sentiment, with semiconductor-related and energy shares leading the drop.
  • The blue-chip CSI300 index fell 0.7%, to 4,860.13, while the Shanghai Composite Index lost 0.6% to 3,564.09 points.
  • ** For the week, the CSI300 index shed 0.6%, while the Shanghai Composite Index edged up 0.1%.
  • ** A handful of local COVID-19 cases in eastern parts of China have prompted Shanghai city to limit tourism activities and a nearby city to cut public transportation services.

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