China stocks lower as imported cases of coronavirus rising

US, WASHINGTON (ORDO NEWS) — Chinese stocks fell on Thursday due to profit taking by investors after two days of growth, as well as Beijing’s tightening of measures to prevent a re-increase in morbidity after an increase in the number of imported cases of coronavirus.

The Shanghai Composite Index closed with a decline of 0.6% to 2.764.91 points. The Blue Chip Index CSI300 down 0.66%.

The financial sector subindex fell 0.27%, the consumer goods sector fell 0.45%, the real estate index fell 0.82%, and the health sector grew 1.75%.

Hong Kong’s Hang Seng Index closed down 0.7% to 23.352.34 points.

In mainland China, for the second day in a row, no new local cases of coronavirus infection were recorded, but the number of imported cases increased.

The US Senate on Wednesday unanimously supported a $ 2 trillion bill aimed at helping the unemployed and the industries affected by the coronavirus epidemic, as well as providing billions of dollars to buy urgently needed medical equipment.


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