News Snapshot:
SHANGHAI (Reuters) – Stocks in China closed lower on Tuesday, following stocks in materials and transport companies amid concerns over rising global coronavirus cases. The Shanghai Composite Index dropped 1.29% to 3.274.30 points, while the blue-chip CSI300 Index sank 1.19% to 4.635.76 points. The sub-index of producers of materials and transport declined by 2.9% and 3%, respectively. The indices were further pressured by the Chinese media report that Beijing is unlikely to approve of the “dishonest†deal with the owner of TikTok ByteDance, which was reported on the eve of Oracle Corp (NYSE: ORCL) and Walmart (NYSE: WMT) Inc. The...
