(der Optionsverfall spielt möglicherweise auch mit, und die Anspannungen mit dem Westen.....)
BEIJING, June 16 (Reuters) - China shares dropped on Wednesday, led by losses in healthcare and material stocks, as investor concerns about lofty valuations as well as Sino-West tensions dented risk appetite.
** At the midday break, the Shanghai Composite index was down 0.77% at 3,529.11 points, while the blue-chip CSI300 index dropped 1.28%.
** Among the worst performing sectors, the healthcare sub-index and material sub-index slumped 2.52% and 2.49%, respectively.
** Analysts remained cautious, citing lack of factors for any upside momentum, and also noting lofty valuations in some parts of the market. The broader credit growth continue to slow as the central bank seeks to contain rising leverage ratio and local debt.
** Tensions between China and the West soured investor sentiment, which dragged down the mainland markets ever since trading resumed after a long weekend post the Dragon Boat Festival. |