September 04, 2024 at 03:32 am EDT
(MT Newswires) -- Chinese shares fell at the close as sentiment was dampened over a slowdown in the services activity and ongoing trade tensions with Canada.
The Shanghai Composite Index slid 0.7%, or 18.70 points, to close Thursday's session at 2,784.28. The Shenzhen Component Index inched down 0.5%, or 41.81 points, to 8,226.24.
Despite remaining in expansionary territory, the Caixin China General Services Business Activity Index slipped to 51.6 in August from 52.1 in the previous month.
The figures showed that the growth of new work in China eased despite being boosted by the expansion of demand and service offerings.
Geopolitical tensions continue as China's Commerce Ministry plans to start an anti-discrimination probe on Canada's tariff hike on Chinese electric vehicles and steel and aluminum imports.
In corporate news, Tech-Bank Food (SHE:002124) dropped nearly 5% at the close despite its pig sales revenue rising to 877.3 million yuan in August from 854.2 million yuan a year earlier.

Sumber : MT Newswires