Shanghai: China stocks reversed earlier gains to close lower on Monday, weighed down by industrial and healthcare firms, after the country reported a weaker-than-forecast GDP growth for the third quarter. ** The blue-chip CSI300 index fell 0.8%, to 4,755.49, while the Shanghai Composite Index lost 0.7% to 3,312.67. The CSI300 index had jumped as much as 1.2% and the Shanghai Composite 1% before changing course. ** Dragging down the market, the CSI300 healthcare index declined 2.5%, while the CSI3000 industrials index retreated 1.3%. ** Markets also fell as investors booked profits on upbeat news that China will give Shenzhen more autonomy for market reform and integration, Wan said.

Source: Mint October 19, 2020 09:33 UTC