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Chinese shares drop to 7-mth low on growth concerns
Shanghai Composite down 0.81% at 2,765 points (Il Sole 24 Ore Radiocor) - Shanghai , 06 Sep - Chinese shares closed lower, halting yesterday's tentative rebound and dropping to a seven-month low. The People's Bank of China hinted at more policy easing, stoking fresh growth concerns.
Yesterday data pointed to slowing growth in China's services sector in August.
Today the Shanghai Composite closed down 0.81% at 2,765 points and was down more than 2% for the week while the Shenzhen CSI 300 fell 0.81% to 3,231 points.
Both indexes dropped between 3% and 4% in August, leading the losses in the region for the month.
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(RADIOCOR) 06-09-24 11:21:08 (0262) 5 NNNN