Chinese A-share closed lower, saw first monthly net selling by overseas investors in three months

 

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Chinese A-shares closed lower on Friday, with the benchmark Shanghai Composite Index down 0.9% to 3,253, the Shenzhen Component Index and the tech-heavy Chinext Price Index down more than 1%.

Losses were seen across the board. Catering companies, tourism companies, airport operators, coal miners, drugmakers, construction machinery manufacturers, food makers and liquor makers led the losses.

Auto parts supplies, automakers, agriculture companies, precious metal companies and power companies outperformed.

Overseas investors sold a net 1.72 billion yuan of Chinese A-shares via the Mainland – Hong Kong Stock Connect Scheme on Friday.

For July, overseas investors sold a net 21 billion yuan of A-shares via the stock connect, ending a three-month streak of net buying.