China stocks fall on rising concerns over risks

By Reuters   April 25, 2016 | 02:19 pm GMT+7
China stocks fall on rising concerns over risks
Investors check stock information at a brokerage house in Nantong, Jiangsu Province, China, April 20, 2016. China Daily/via REUTERS

China stocks fell on Monday, as growing concerns over risks in debt and commodities markets on the mainland curbed investor appetites.

Both the blue-chip CSI300 index and the Shanghai Composite Index fell 0.4 percent, reaching 3,162.03 points and 2,946.67 points, respectively.

Investors are getting increasingly nervous about China's debt market, which has witnessed a slew of defaults this year.

Risks are also building in China's commodities market, where feverish trading in products such as rebar - a reinforcing steel bar used in concrete - led regulators to crack down on speculation.

Jian Yi, executive partner at fund manager Winsor Capital, told a conference in Shanghai he feared there could "be a negative chain of reaction that threatens to trigger a spasm of liquidity and destruction in value."

The energy sector was the only sector that ended the session in positive territory on Monday. (Reporting by Samuel Shen and Pete Sweeney

 
 
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