China stocks retreat on coronavirus worries


Source: sharenet.co.za sharenet.co.za

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Most Read China stocks retreat on coronavirus worries SHANGHAI, Jan 19 (Reuters) - China shares fell on Tuesday as a resurgence of COVID-19 cases hit market sentiment, with consumer discretionary and materials stocks leading the retreat. ** The blue-chip CSI300 index fell 1.5% to 5,437.52, while the Shanghai Composite Index slipped 0.8% to 3,566.38. ** The tech-heavy start-up board ChiNext sank 2.1%, while the STAR50 index shed 2.5%. ** Leading the decline, the CSI300 consumer discretionary index dropped 2.9%, while the CSI300 materials index slid 2.7%. ** China is battling the worst outbreak of COVID-19 since March 2020, with one...