China stocks end lower as liquor, financial stocks weigh; post weekly loss again

china stocks end lower as liquor financial stocks weigh post weekly loss again

Sumary of China stocks end lower as liquor, financial stocks weigh; post weekly loss again:

  • Article content SHANGHAI — China stocks ended lower on Friday, dragged down by liquor and financial firms, and posted a second straight weekly loss, while data showed the country broader credit growth slowed in May..
  • ** “China Jan-May bond issuance fell short of expectations, indicating acceleration of issuance from June, which could decrease money flows into the equities market,”.
  • Article content ** Caution also prevailed ahead of the three-day Dragon Festival holiday, which starts from Saturday..
  • ** China new bank loans unexpectedly rose in May from the previous month, but broader credit growth continued to slow as the central bank seeks to contain rising debt….

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