China stocks surrender gains on profit-taking amid stimulus hopes

Reuters Updated - January 20, 2018 at 12:06 AM.

china

China’s stock market rebound showed signs of fatigue on Thursday, with main indexes giving up initial gains and ending lower, as profit-taking threatens to erase optimism fuelled by stimulus hopes.

The blue-chip CSI300 index fell 0.3 per cent to 3,053.70, while the Shanghai Composite Index lost 0.2 per cent to 2,862.89 points.

January inflation data showed little improvement in economic activity, underlining the need for more policy support.

Published on February 18, 2016 08:00