Chinese A-shares declined for 6th consecutive day, education companies, consumer stocks outperformed
MARKET STOCKS
Chinese A-shares declined for 6th consecutive day, education companies, consumer stocks outperformed
MARKET STOCKS

Chinese A-shares declined for 6th consecutive day, education companies, consumer stocks outperformed

 

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The Shanghai Composite Index closed 0.46% down at 3,054, the Shenzhen Component Index down 0.33% and the tech-heavy Chinext Price Index down 0.36%.

Education companies rallied amid improving regulatory environment, with an index tracking the sector compiled by Wind Information surging 3.5%, making it the best-performing sector in the A-share market.

Consumer stocks including liquor makers, beverage makers, catering and tourism companies rallied on expectation that China may soon relax Covid quarantine rules for overseas arrivals. 

Petrochemical companies, coal miners, semiconductor companies, base metal companies were mostly lower.