[SHANGHAI] China stocks continued to slide on Thursday, after US President Donald Trump vowed not to back down on imposing new tariffs on Chinese imports, but there was no panic selling, with Monday's over 5 per cent plunge largely pricing in the penalty. Hong Kong shares also declined.
China's blue-chip CSI300 index fell 1.9 per cent, to 3,597.59 at the end of the morning session, while the Shanghai Composite Index lost 1.4 per cent to 2,854.71. "This sudden shift highlights the continued threat that US protectionism poses to the global economy despite the recent lull in aggressive action from the Trump," Nomura said in a note.
The smaller Shenzhen index was down 1.03 per cent and the start-up board ChiNext Composite index was weaker by 0.64 per cent.
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