HK->Shanghai Connect daily quota used 2.9%, Shanghai->HK daily quota used -0.9% FTSE China A50 -1.3%
SHANGHAI, May 6 (Reuters) - China stocks fell on Thursday as healthcare firms declined following investors’ return after the Labour Day break, and as Sino-West tensions weighed. The CSI300 index fell 1.3% to 5,057.17 points at the end of the morning session, while the Shanghai Composite Index lost 0.2% to 3,439.12 points. The tech-heavy start-up board ChiNext dropped 3.2%, while Shanghai’s STAR50 index slipped 1%. The CSI300 healthcare index fell the most, down 4.8%, as vaccine makers retreated after U.S. President Joe Biden threw his support behind waiving intellectual property rights for COVID-19 vaccines.
Tycoon Said to Bring Down a Deputy Mayor, Control Key Beijing Land Deal
April 6, 2015
By Caixin staff reporters Yu Ning and Liu Ran, and intern reporter Cui Xiankang. This article was first published in Caixin.
A recent business dispute between a state-owned technology conglomerate and a private property developer has put a low-profile but powerful businessman in the spotlight. The businessman is believed to have brought down a former Beijing deputy mayor, control a landmark building project in the capital, and have close ties to a disgraced national security official.
The drama started late last year, when a fight between Peking University Founder Group Co. Ltd. and Beijing Zenith Holdings Co. was ignited by disputes over control and terms of the pair s jointly owned Founder Securities Co.
Synopsis
The blue-chip CSI300 index fell 1.2 per cent to 5,061.12, while the Shanghai Composite Index eased 0.2 per cent to 3,441.28 points.
Agencies
The CSI300 healthcare index fell the most, down 4.1 per cent, as vaccine makers retreated after U.S. President Joe Biden threw his support behind waiving intellectual property rights for COVID-19 vaccines.
SHANGHAI: China stocks fell on Thursday on Sino-West tensions and as healthcare firms declined following investors return after the Labour Day break.
The blue-chip CSI300 index fell 1.2 per cent to 5,061.12, while the Shanghai Composite Index eased 0.2 per cent to 3,441.28 points.
The tech-heavy start-up board ChiNext dropped 2.5 per cent, while Shanghai s STAR50 index slipped 0.9 per cent.
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