Stocks in China followed their U.S. counterparts lower Tuesday as turmoil in Hong Kong and Argentina, added to trade tensions and dented sentiment. The U.S. consumer price index, out Tuesday, probably picked up to a 1.7% annual pace in July, which increased the uncertainty on China-US trade war. Non-ferrous Metal and Healthcare sector gained, while Non-bank Financial and Construction Material sectors led the falls. Combined turnover for both markets is CNY 334.4 billion, down 5.9% dod.
|Close||% Change||Vol (bn CNY)||%YTD|
|Sector||Top 1||Led by||Top 2||Led by|
|Downward-leading||Non-bank Financial||600599||Construction Material||002641|
*The National Development and Reform Commission responded: the price of fruits and vegetables will fall, and the price level is expected to remain stable in the later period. (Wind)
*China’s 10-year bond yield fell to 3% for the first time since 2016. (Bloomberg)
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