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China stocks end lower on fresh Sino-U.S. tensions


China stocks end lower on fresh Sino-U.S. tensions
Reuters
12/18/2020
SHANGHAI, Dec 18 (Reuters) - China stocks erased early gains to end lower on Friday, weighed down by fresh signs of tension between the world s two largest economies.
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Sources told Reuters that the United States is set to add dozens of Chinese companies, including the country s top chipmaker SMIC , to a trade blacklist on Friday.
At the close, the Shanghai Composite index was down 0.29% at 3,394.90, while the blue-chip CSI300 index was down 0.35%.
The smaller Shenzhen index ended down 0.31% and the start-up board ChiNext Composite index was weaker by 0.175%.
Coal miners, however, outperformed the broader market as some Chinese cities reported increase in electricity shortages. ....

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