China shares fell despite improving economy

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© scanpix/AFP
Regardless of Chinese economy accelerating its pace of growth in November and the Chinese vice-premier's attempts to motivate investors, onshore Chinese equities dropped on Monday. The Hang Seng Index lost 1.19% to 21,767.85, after opening at 22,070.44 and rallying to its high of 22,162.47 earlier. All sectors within the index posted losses with Technology, Basic Materials and Oil and Gas sectors tumbling the most. Among best performers were China RES Power, Want Want China and HK& China by adding 1.51%, 1.06% and 0.47% subsequently. Wharf Holdings climbed 0.49%, currently being the leading force among developers in Hong Kong. The shares of Tencent, Li&Fung and China Coal dropped 3.08%, 2.97% and 2.94%, respectively. Chinese dot-com company Tencent fell the most on investor negative attitude towards opaque companies in China. However, it has successfully tapped funding to become more competitive elsewhere in the world.


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