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Chinese stock markets fell back on Monday and began weakly in July, a few days before the entry into force of US tariffs on Chinese exports, with the Shanghai stock exchange reaching a minimum in over two years and the yuan dropping
The CSI300 index, which brings together the largest companies listed in Shanghai and Shenzhen, lost 2.93%, while the Shanghai index fell 2%, 52% and has reached the lowest level since March 1, 2016.
The yuan, which experienced its worst month of June, recorded more losses against the dollar, trading at 6.6620 per dollar after closing on Friday. $ 6,6225
Investors are nervous before the July 6 deadline, when the United States will charge $ 34 billion worth of Chinese products, the epicenter of a fierce conflict between Washington and Washington. and
Beijing must impose its own tariffs on US products and the trade dispute between the two largest economies in the world threatens to undermine global trade and investment.
In China, the Caixin / Markit Purchasing Managers Index (PMI) index shows that Chinese industrial activity slowed slightly in June.
Losses in China put pressure on the rest of the region and the MSCI index, which includes stocks in the Asia Pacific region with the exception of Japan, fell 0.71%
. In TOKYO, the Nikkei index fell 2.21% to 21,811 points
. In HONG KONG, the HANG SENG index remained closed
. In XANGAI, the SSEC index lost 2.52% to 2,775 points
. The CSI300 index, which includes the largest companies listed in SHANGHAI and SHENZHEN, lost 2.93% to 3,407 points
. In Seoul, the KOSPI index recorded a 2.35% devaluation, at 2,271 points
. In TAIWAN, the TAIEX index fell 0.54% to 10,777 points
. IN SINGAPORE, the STRAITS TIMES index was depreciated by 0.91% at 3,238 points
. In SYDNEY, the S & P / ASX 200 index fell 0.27% to 6177 points.
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