Major stock indexes in China closed the fall in the 6-7% range

Major stock indexes in China closed the fall in the 6-7% range


MOSCOW, 26 Jan. Chinese stocks at the end of trading Tuesday fell in the 6-7% range in the background of return of negative dynamics of world prices for oil, according to AFP.

At the end of trading the index of Shanghai stock exchange Shanghai Composite fell 6.4% to 2749,79 points, the index of Shenzhen stock exchange Shenzhen Composite index is 7.1%, to 1714,42 item.

The main influence on investor sentiment on Tuesday has renewed negative dynamics of oil prices amid global oversupply of raw materials on the market. As of 10.10 Moscow time the price of April futures on North sea petroleum mix of mark Brent was down 1.5% to 30.50 dollars per barrel, March futures for WTI crude oil — on 2,62%, to 29,55 USD per barrel.

“The volatility of oil prices makes it difficult to restore confidence in the markets”, — quotes Agency MarketWatch the head of Asian sales at CLSA Robert Levine (Robert Levine).