October 16, 2024

China Stocks Dragged Lower by Tech Firms Ahead of More Economic Data

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Chinese shares ended mostly lower, dragged down by tech hardware stocks, as investors awaited another key briefing to be held by authorities, including the housing ministry, the central bank and other departments, on Thursday.

Among major decliners, Foxconn Industrial Internet fell 4.35% and Hangzhou Hikvision Digital Technology dropped 3.5%. Gainers included Poly Developments & Holdings, up 4.2%, and China Merchants Shekou Industrial Zone Holdings, which rose 3.7%.

The Shanghai Composite Index was flat at 3202.95, the Shenzhen Composite Index fell 0.45% to 1842.16 and the ChiNext Price Index declined 2.2%.

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