Chinese shares inched down on Monday as US President Donald Trump ordered new restrictions on Chinese investments across critical American industries.
The Shanghai Composite Index, the main gauge of Chinese stocks, ticked down 0.2% to 3,373.03. The Shenzhen Component Index inched down 8.33 points, to 10,983.04.
JPMorgan Chase said the executive action may trigger a reversal in Chinese stocks after a strong rally, News.Az reported. Chinese stocks finished strong on Feb. 21 as Beijing called on the cabinet to boost services spending across multiple industries.
The US directive targets sectors including technology, critical infrastructure, healthcare, agriculture, energy, and raw materials and comes amid growing concerns about Chinese ownership of US farmland.
In company news, China Southern Airlines 600029 subsidiary China Southern Airlines Logistics withdrew its application for a mainboard listing on the Shanghai Stock Exchange due…
