The Fall of Major Indices Recorded on Shanghai and Shenzhen Exchanges
The Shanghai Composite Index, which reflects the situation on the Shanghai Stock Exchange, collapsed by 2.14% to 2670.37 points. All the main composite indexes turned out to be negative, except for those that reflect the shares of information and telecommunication companies. A slight increase was recorded in these areas.
The fall in quotes ended with intermediate trading on the stock exchange in Shenzhen. The key indicator of business activity on this trading floor - the Shenzhen Component - decreased by 1.93% to 9836.21 points.
The situation on the stock market of mainland China, experts indicate, is influenced by a number of both internal and external factors. Strong fluctuations on the exchanges over the past few weeks are mainly due to investors' concerns about the further spread of the new coronavirus in the world and falling oil prices.