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….