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China’s stock market has fallen. Hong Kong has risen to the highest since August 2015

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China’s stock market has fallen. Hong Kong has risen to the highest since August 2015

China’s stock market has fallen. Hong Kong has risen to the highest since August 2015
September 01
15:00 2016

As a result of the trading session on Thursday China’s stock indexes have fallen. They are put under pressure by securities of real estate sector as the official purchasing managers’ index (which is calculated Caixin / Markit) suggests deceleration of the business activity in the construction sector in China last August.

CSI300 index, which reflects the price of the largest companies’ securities traded in Shanghai and Shenzhen, has fallen by 0.8 percent to 3.301,58 points. Shanghai Composite Index of Shanghai Stock Exchange has lost 0.7 percent and finished with the indicator of 3.063,31 points.

Julian Evans-Pritchard, China Economist at Capital Economics wrote: “Although the official PMI in the non-manufacturing sector remains high, nevertheless it decreased from 53.9 to 53.5 last month. This is entirely due to the sub-index decrease in the construction sector. “

Real estate sector securities have fallen more than others. Its sub-index has fallen by 4.1 per cent by the end of the trading session.

Meanwhile, the Hong Kong stock market has ended the today’s session in the black. The main index, which was supported by the inflow of the Chinese capital, has reached the maximum mark for the period of more than a year. The sub-index of the financial sector has increased by 1.5 percent.

In these latter days the investors of China are buying securities of Hong Kong. This happens as the stock exchanges in Hong Kong and Shenzhen conduct training for the launch of cross-trading machines.

Xinhua News Agency reported on Tuesday that the mechanism of interaction between Shenzhen and Hong Kong stock exchanges was planned to start in November. The news agency refers to the representative of the securities market regulators.

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