Chinese Stocks End Sharply Lower Amid Flight From Risk After Tariffs

1 month ago 8

Chinese Stocks End Sharply Lower Amid Flight From Risk After Tariffs

By

Jiahui Huang, Dow Jones Newswires

Chinese shares ended sharply little arsenic investors backed distant from riskier assets aft Trump's "Liberation Day" tariffs.

The benchmark Shanghai Composite Index closed 7.3% little astatine 3096.58, beneath the cardinal 3100 level, marking its largest one-day nonaccomplishment since February 2020. The Shenzhen Composite Index ended 11% little and the ChiNext Price Index fell 12.5%.

Solar and exertion stocks led losses. Lens Technology and Kunlun Tech were down 20% each and Trina Solar was down 18%. Jinko Solar mislaid 14%. Almost each sectors fell. Among the fewer gainers, New Hope Liuhe was up 4.8% and China Longyuan Power roseate 2.1%.

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