Chinese shares edge down despite solid trade data

Updated 2017-05-08 17:30:17 Xinhua

Chinese stocks fell for the fifth-working day Monday despite solid export growth.

The benchmark Shanghai Composite Index ended the day down 0.79 percent at 3,078.61 points. The smaller Shenzhen Component Index closed 1.91 percent lower at 9833.17 points.

The ChiNext Index, the NASDAQ-style board for innovative enterprises, ended 1.62 percent lower to close at 1,788.71 points.

More than 2,000 stocks across the two bourses fell, and those related to airports and steel were the worst performers.

Customs data showed Monday that the country's foreign trade surplus stood at 262.3 billion yuan (38 billion U.S. dollars) in April, up 0.6 percent year on year. The surplus widened from 164.3 billion yuan in March.

The financial regulator has been stepping up efforts to guard against risks, which has affected investors' sentiment, according to analysts.

China's top insurance watchdog issued a statement Sunday calling for more to be done to establish a strict, effective supervisory framework.

The statement noted existing loopholes in the current insurance regulation, which it said had facilitated risky practices.

Some Chinese insurers had been found to have used leveraged money to buy shares in listed companies, a practice that was linked to volatility in the market at the end of last year.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58August 18 2017 15:09:06

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16August 18 2017 15:09:06

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18August 18 2017 15:09:06

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords