China stocks drop from 11-week high on commodity retreat amid a crackdown on pump-and-dump scheme
Iris Ouyang, 19 May 2021
Stocks in mainland China retreated from a three-day advance as commodity prices eased and lingering concerns about global inflation soured appetite for risks. Financial markets in Hong Kong were closed for a public holiday.
The Shanghai Composite Index fell 0.5 per cent to 3,510.96 at the close of Wednesday trading, after a rally this week that lifted the gauge to the highest level in 11 weeks. The Shenzhen Composite Index climbed 0.2 per cent, while technology-heavy ChiNext rose 0.8 per cent. Continue reading “Article: China stocks drop from 11-week high on commodity retreat amid a crackdown on pump-and-dump scheme”
