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A shares fall amid market gloom

By Zhou Lanxu | China Daily | Updated: 2018-12-28 07:50

A-share market closed lower on Thursday, erasing gains in the morning session when jumps on Wall Street raised investor sentiment.

The benchmark Shanghai Composite Index was up 0.58 percent at midday, buoyed by an overnight rally on Wall Street. A plunge by heavyweight Sinopec in the afternoon, however, set a bearish tone and dragged the index down 0.61 percent to close at 2483.09 points.

The Shenzhen Component Index ended Thursday's trading lower 1.02 percent at 7215.34 points. The ChiNext Index, China's Nasdaq-style board of growth enterprises, lost 1.26 percent to close at 1248.08 points.

A shares fall amid market gloom

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