WorldWideMarkets Community

Forex Trading, Market News & Technical Analysis

China Stocks Fall to Two-Month Low as Material Shares Lead Drop

Posted by Chris Advincula on May 18, 2016 6:38:44 AM

(May 18 Wednesday Bloomberg) China's stocks fell to a two-month low, dragged down by material and technology stocks, amid signs of a slowing economy and rising odds of a Federal Reserve interes rate increase.

The Shanghai Composite Index dropped 1.3 percent, paring losses in the last 30 minutes of trading to end the day above, 2,800, a closing level that hasn't been breached in the past two months. The ChiNext index of smaller companies retreated the most in a week on concern Chinese authorities are preparing to crack down on reverse mergers. Hainan Mining Co. led losses among material companies with a 5.5 percent tumble.

Click on the link below to see the full story from Bloomberg news:

China Stocks Fall to Two-Month Low

CSI.5.18.2016.jpg

 

 

Topics: Asian market, Stocks, China Data, China Economy

 

Tools & Educational Resources

Forex 101LEARN MORE >>
Learn the basics of Forex and how to practice trading the markets.

GlossaryLEARN MORE >>
Confused by the language? Click here and search for key trading terms.

FAQ CenterLEARN MORE >>
Browse our frequently asked questions and find your answers right away.

VideosLEARN MORE >>
Access to the educational lessons, webinars and platform walkthroughs.

READY TO TRY THE MARKETS?

Get started with a FREE $10,000 Demo Account and experience the Forex Market RISK FREE!