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January 24, 2020

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Stocks in year-end tumble

CHINESE markets tumbled on the last trading day of the Year of the Pig, with only a handful of medical and pharmaceutical shares posting gains. The Shanghai Composite Index shed 2.75 percent to 2,976.53 points.

Agricultural, forestry, animal husbandry and fisheries stocks as well as the electronics sector, communications operators and securities companies fell the most — more than 4 percent each.

The medical and pharmaceutical sectors saw the lowest slides — 0.78 percent and 1.2 percent. But some individual shares gained: Beijing Hotgen Biotech Co Ltd, Zhende Medical Co Ltd and Shandong Lukang Pharmaceutical Co Ltd all rose by the daily 10 percent cap.


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