Investors watch stock market data at a security exchange office in Chengdu, Southwest China’s Sichuan Province. Photo: VCG
China’s stock market dipped on Tuesday morning, with the Shanghai stock composite index falling below the key 3,000-point benchmark briefly. The index dropped 0.69 percent at the close of the morning session.
Observers said that as market liquidity faces a draining at the end of the year, it is normal for the stock market to experience short-term fluctuations and hover around the psychological level of 3,000 point.
But given China’s still solid economic fundamentals, multiple stimulus support and a likely easing in global interest rate environment, it is expected that the stock market will bounce back next year, they noted.
The Shanghai index closed at 3,002.09 at the close of the morning session. The Shenzhen component index plunged 0.94 percent, and the ChiNext Index, tracking Chinese tech enterprises, lost…
