Chinese stocks closed the year with losses as traders were unimpressed with the country's manufacturing activity in December, a sign that Beijing's stimulus may have left little impact to uplift the economy.
The Shanghai Composite Index, the main gauge of Chinese stocks, slipped 1.6%, or 55.56 points, to cap Tuesday's trade at 3,351.76. The Shenzhen Component Index inched down 2.4%, or 256.54 points, to 10,414.61.
China's manufacturing purchasing managers' index or PMI slipped month on month but stayed in expansionary territory at 50.1, according to data from the statistics bureau, missing the 50.3 index forecasted by Reuters-polled analysts.
In corporate news, investors dumped holdings in a number of securities firms, especially those involved in the securities misrepresentation case against centrifugal compressor manufacturer Jin Tong Ling Technology (SHE:300091), which closed 4.2% lower.
Chinese securities brokers Sealand Securities (SHE:000750) and Huaxi Securities (SHE:002926), which were among the defendants of the case, dropped 5.5% and 5.3%, respectively. Everbright Securities (SHA:601788, HKG:6178), another defendant, lost 6.2% in the Shanghai bourse.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。