Insurance Shares Fizzle as China’s Stocks Get Off to Dispirited Start(Yicai Global) Aug. 19 -- Major Chinese mainland indexes all dipped in the morning as insurance stocks failed to sustain their virtuoso performance of yesterday.
The Shanghai Composite Index fell 0.19 percent to 3,444.56, while the Shenzhen Component Index dropped by 0.20 percent to 13,741.27. The ChiNext index, which tracks growth enterprises listed in Shenzhen, opened 0.19 percent lower at 2,695.89.
Shipping and fentanyl led the charge, while stocks related to Huawei’s chip maker HiSilicon and Beijing ByteDance Technology were among the biggest losers.
Editor: Ben Armour
