China stocks retreat as political clichés invoked

27.08.2020

Chinese shares closed lower on Wednesday, hurt by weakness in tech-heavy startup board ChiNext, after investors booked profits after two consecutive sessions of sharp gains.

The blue-chip CSI300 index ended down 1.2% at 4,706.13 and the Shanghai Composite index shed 1.3% to close at 3,329.74.

ChiNext dropped 2.1%, while the STAR50 index...