Live | China Markets Live - Shanghai reels from last-hour selling to end lower, Shenzhen barely up at close and Hong Kong settles lower
The intense volatility of recent weeks has every chance of remaining the core underlying theme of activity. Investors are increasingly focused the broader question of how this episode might affect the wider economy.
Welcome to the SCMP's live markets blog. The intense volatility of recent weeks has every chance of remaining the core underlying theme of activity. Investors are increasingly focused the broader question of how this episode might affect the wider economy as many suspect the equity bubble has yet to fully deflate. We'll bring you the key levels, trading statements, price action and other developments as they happen.
Here’s a summary of market action Friday and today, with analyst views:
- Shanghai crumbles from late selling to end sharply lower
- Shenzhen shares finish up, but nearly gives up all of its gains
- Hong Kong settles weaker, down by 1.23 per cent
- China's forex reserves seen falling sharply in month of August
- Investors look toward next meeting next week by US Federal Reserve to see if they will decide on raising interest rates
4:12pm: China’s foreign exchange reserve declined 2.4 per cent, or US$90 billion, to US$3.56 trillion in August from the previous month, in line with market expectations. The reserve has been on steady decline since June 2014 when it peaked at US$3.99 trillion.
4:06pm: The Hang Seng Index closed lower Monday. The index shed 1.23 per cent, 257.09 points, to close at 20,583.52. The H-share index dipped 0.72 per cent, 66.37 points, to 9,103.22.
3:47pm: Mainland Chinese market haveclosed for the day. In charts below, the Shanghai Composite Index (yellow), Shenzhen Composite Index (purple), CSI300 (green) and ChiNext (blue). Click to enlarge.
