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February 8, 2017

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Fund worries hit shares

SHANGHAI shares fell yesterday on liquidity concerns. The Shanghai Composite Index shed 0.12 percent to 3,153.09 points. The People’s Bank of China yesterday suspended open market operations for a third straight trading day, citing a “relatively high level” of liquidity in the banking system. The central bank withdrew 120 billion yuan (US$17 billion) from the market as the same amount of reverse repurchase agreements matured. China Galaxy Securities Co fell 2.89 percent to 10.77 yuan, and China State Construction Engineering Corp lost 0.79 percent to 8.80 yuan.



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