China stocks ended lower today, dragged down by materials and energy shares, as investors took profits following a recent rally fuelled by Beijing pledging more policy support, Reuters reports. At the close, the Shanghai Composite index was down by 0.54 percent at 3,379.04, while the blue-chip CSI300 index was down 0.42 percent. Several sub-indexes recorded losses, with the material sub-index dropping 1.75 percent, while energy and manufacturing sector slipping by 1.73 percent and 1.35 percent, respectively. The smaller Shenzhen index ended down by 0.64 percent and the start-up board ChiNext Composite index was weaker by 1.05 percent.

Source: The Standard December 29, 2020 08:03 UTC