Share prices on China's Shanghai and Shenzhen bourses fell sharply as investors pocketed earlier gains on concerns about uncertainties during the pending National Day holiday (from October 1 to October 7). Small-caps led the losers, with the ChiNext index plunging more than 4 percent. For the whole day, the benchmark Shanghai Composite Index sank 1.60 percent to end at 3,092.35 points.
The Shenzhen Composite Index plunged 3.44 percent to end at 1,697.12. The SME Index for small firms lost 3.33 percent to end at 6,708.31 and the ChiNext Index nosedived 4.06 percent to close at 2,020.97. Combined turnover of the two bourses expanded slightly to 561.8 billion yuan from 550.6 billion yuan on the previous trading day.
All listed sectors except for public transport, banking and environmental protection ended in the negative territory. On the stock index futures market, the IF October contract sank 2.02 percent to end at 3,118.0, keeping a discount of 113.95 points to the underlying Hushen 300 Index, which decreased 1.61 percent to close at 3,231.95.
The SSE 50 October contract decreased 0.90 percent to end at 2,131.0, keeping a discount of 52.40 points to the underlying SSE 50 Index, which went down 0.21 percent to close at 2,183.40. The CSI October contract dived 4.57 percent to end at 5,787.4, keeping a discount of 320.98 points to the underlying CSI 500 stock index, which fell 3.27 percent to end at 6,108.38.
Latest comments