China Stock Market: Shanghai Composite closed down 1.40 points | RYT9

The Shanghai Composite Index, China’s stock markets, closed slightly lower today. due to concerns about the spread of COVID-19 In China, positives were overshadowed by strong service sector data growth.

The Shanghai Composite Index closed at 3,404.03, down 1.40, or -0.04%.

The trading atmosphere in the Chinese stock market has been pressured by reports that Number of people infected with COVID-19 The country’s seven-day average has risen to 173 from 27, and the number of cities subject to lockdown or partial lockdown has doubled.

The data overshadowed the positives of the survey, which Markit co-led with Caixin said. The services purchasing managers’ index (PMI) rose to 54.5 in June, the fastest growth in nearly a year since July last year. and is the first month expansion After shrinking 3 months in a row

In this regard, tourism stocks and food and beverage groups declined But the shares of steel manufacturers resource group and utilities rebounded

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