China stocks end lower on North Korea fears

August 11, 2017 10:32
1 minute read.
Breaking news

Breaking news. (photo credit: JPOST STAFF)


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analysis from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief


SHANGHAI- China stocks stumbled on Friday as a growing war of words between the United States and North Korea combined with profit-taking in cyclical sectors to send shares down for the week.

The blue-chip CSI300 index fell 1.8 percent, to 3,647.35 points. For the week, the CSI300 ended down 1.6 percent.China CSI300 stock index futures for August fell 2.0 percent, to 3,627.8, 20.16 points below the current value of the underlying index.

The Shanghai Composite Index lost 1.6 percent to 3,209.80 points, its sharpest daily drop this year. The index fell 1.6 percent for the week.

The materials sub-index, which had risen more than 16 percent since the beginning of the third quarter in July, fell 5.0 percent as investors chose to book profits amid rising geopolitical worries.

Xiamen Tungsten Co Ltd fell 10 percent, bringing its weekly loss to 3.2 percent. The company's shares remain up more than 40 percent since the beginning of the quarter.

Jiangxi Copper Co Ltd dropped 9.5 percent on Friday, racking up a weekly loss of 9.4 percent.

The losses were not confined to materials. Kweichow Moutai , which had risen to a record-high close of 491.63 yuan on Thursday, gave up 1.5 percent. Fellow baijiu-maker Wuliangye Yibin dropped 2.8 percent.

The overall consumer staples sub-index fell 9.5 percent on Friday. For the week, it was 9.4 percent lower.

Related Content

Breaking news
June 16, 2019
Qatari money arrived in Gaza, civilians to receive $100 - report


Cookie Settings