China stocks end lower; techs gain

China stocks ended lower on Monday, but managed to recoup most of their earlier losses aided by gains in shares of tech firms.

The blue-chip CSI300 index fell 0.4 percent to 3,390.34 points while the Shanghai Composite Index ended down 0.3 percent at 2,785.87 points.

Both the indexes slumped in early morning trade, tracking a global selloff, as investors reacted to a renewed rout in the Turkish lira that dampened risk appetite for emerging markets.

Source: Reuters

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China Stocks See Best Week in 1 Month as Techs Lend Support

China stocks edged up on Friday to post their best week in a month, aided by strong gains in shares of technology companies.

The blue-chip CSI300 index ended 0.2 percent higher at 3,405.02 points while the Shanghai Composite Index closed flat at 2,795.31 points. For the week, CSI300 is up 2.7 percent while the SSEC gained 2 percent, both posting their best week since mid-July.

However, both the SSEC and CSI300 are down more than 10 pct since late May Technology shares have rallied after China said it has revamped a national leadership group charged with planning and studying its key technological development strategies, signalling a potential policy boost for home-grown tech firms. The tech-heavy start-up board ChiNextP rallied 2 percent this week, snapping a three-week losing streak.

Source : Reuters

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Stocks End Lower, Dragged Down as Techs Extend Selloff

Stocks ended lower Monday, with the S&P 500 and the Nasdaq Composite logging a three-day losing streak as tech shares continued to decline.

The S&P 500 shed 0.6% to finish around 2,802.60, while the Nasdaq lost 1.4%. The Dow Jones Industrial Average also lost ground, ending around 144 points lower, a decline of 0.6%. The tech selloff comes on the heels of disappointing results last week, with Twitter Inc. shedding more than 8% on Monday, Netflix Inc. down 5.7% and Facebook Inc. declining 2.2%.

Source :Marketwacth

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