July 17, 2019
* Shanghai Composite index -0.2%
* CSI300 down 0.06%
* Trump says U.S. could impose more tariffs if needed
SHANGHAI(Reuters) - Shares in China finished lower in thin trade on Wednesday, extending the previous day's small losses as investors continued to fret over slowing growth and the impact of the Sino-U.S. trade dispute, and await more signs of support from Beijing.
At the close, the Shanghai Composite index was down 0.2% at 2,931.69. Trading volumes were relatively light, with about 14.96 billion shares traded on the Shanghai exchange, roughly 76.6% of the market's 30-day moving average of 19.54 billion shares a day.
The blue-chip CSI300 index was down 0.06%, with its financial sector sub-index lower by 0.18%, the consumer staples sector down 0.16%, the real estate index up 0.63% and the healthcare sub-index up 0.08%.
The smaller Shenzhen index ended up 0.16% and the start-up board ChiNext Composite index was higher by 0.32%.
Reviving concerns over trade negotiations, U.S. President Donald Trump said on Tuesday the United States still has a long way to go to conclude a trade deal with China, but could impose tariffs on an additional $325 billion worth of Chinese goods if it needed to do so.
The United States did not fully comply with a World Trade Organization ruling and could face Chinese sanctions if it does not remove certain tariffs that break WTO rules, the WTO's appeals judges said in a ruling on Tuesday.
U.S. retail sales increased more than expected in June, reducing market expectations for an aggressive interest rate cut by the Federal Reserve at its meeting this month, though a smaller cut is still expected. China is expected to step up support for its own economy after data showed the economy grew 6.2% in the second quarter, its slowest quarterly pace on record.
Around the region, MSCI 's Asia ex-Japan stock index was weaker by 0.26%, while Japan's Nikkei index closed down 0.31%.
At 07:15 GMT, the yuan was quoted at 6.8795 per U.S. dollar, 0.05% weaker than the previous close of 6.876.
The largest percentage gainers in the main Shanghai Composite index were Irico Display Devices Co Ltd, up 10.06%, followed by Zhengping Road & Bridge Construction Co Ltd , gaining 10.04% and Aeolus Tyre Co Ltd, up by 10%.
The largest percentage losers in the Shanghai index were Anhui Golden Seed Winery Co Ltd down 10%, followed by Zhejiang Xinhua Chemical Co Ltd losing 9.53% and Hangzhou TianMuShan Pharmaceutical Enterprise Co Ltd down by 9.5%.
So far this year, the Shanghai stock index is up 17.6% and the CSI300 has risen 26.4%, while China's H-share index listed in Hong Kong is up 7%. Shanghai stocks have declined 1.58% this month. (Reporting by Andrew Galbraith; editing by Gopakumar Warrier)
Sumber : Reuters
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