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Chinese Stocks End Mixed; Lenders, Property Sector Decline -- Market Talk

Dow Jones Newswires ·  2021/11/02 03:32

0724 GMT - Chinese stocks finished the session mixed, dragged by lenders, power producers and property developers. Huaneng Power International retreated 5.9% and China Three Gorges Renewables was 3.0% lower, while China Merchants Bank shed 3.5% and Industrial Bank fell 5.0%. Developers continued on a downtrend amid weak sentiment. China Vanke dropped 3.0% and Seazen Holdings lost 3.7%. China Tourism Group declined 7.8% after slumping 10% on Monday following 3Q results. Among gainers, shipbuilder China CSSC surged 10% and China Shipbuilding Industry advanced 7.3%. The Shanghai Composite Index fell 1.1% to 3505.63, the Shenzhen Composite Index slipped 0.8% and the ChiNext Price Index was 0.2% higher. (clarence.leong@wsj.com)

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