Concerns linger over investors
Print Edition
SHANGHAI shares dipped 0.5 percent yesterday as investors became concerned over the outlook for global growth and a possible impact of a British vote to leave the European Union.
The Shanghai Composite Index ended at 2,872.82 points.
The US Federal Reserve decided not to raise interest rates on Wednesday with Chairman Janet Yellen saying the UK referendum on whether to leave or remain in the EU next Thursday was a factor in the decision.
“The last two weeks of June would see a lot of uncertainties,” Huatai Securities wrote in a note yesterday, as the brokerage alluded to the referendum result affecting global stocks.
Shanghai Lujiazui Finance & Trade Zone Development Co plunged 5.32 percent. Shanghai Jinjiang International Industrial Investment Co slumped 5.02 percent.
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