Equities decline on lingering Sino-US trade tensions

The Chinese A-share market dropped slightly on Tuesday, showing investors' lingering concerns over the prospects of Chinese technology and internet companies due to current US-China trade tensions.

According to Shanghai-based financial information provider Wind, the listed internet companies reported the largest slump of 2.35 percent on average on Tuesday, while the benchmark Shanghai Composite Index fell 0.84 percent to close at 3,136.63. The Shenzhen component Index dropped 0.91 percent closing at 10,754.29.

Ding Zhenyu, senior investment consultant at Shaanxi Jufeng Investment Information, said that the slump in the US market on Monday has partly resulted in the fluctuation of the A-share market on Tuesday. Nasdaq fell 2.74 percent on Monday and the S&P contracted by 2.23 percent.