SHANGHAI, Dec. 22 (Reuters) – Chinese stocks ended lower Tuesday, falling mostly in nearly four months on concerns about continued Sino-US tightening and a new more contagious strain of the coronavirus. it has been found in the UK hurting a rapid global economic recovery.
** Countries around the world closed their borders to Britain on Monday because of fears of a new highly contagious coronavirus strain.
** In the end, the Shanghai Composite index fell 1.86% at 3,356.78, the biggest one-day percentage fall since September 3, and the blue-chip CSI300 index closed 1.63% lower in the year. its worst session since October 30.
** The Shenzhen index finished less down 1.73%, while the starting table ChiNext Composite index was 2.453% lower.
** Around the region, MSCI’s stock index in Asia outside Japan was weaker by 0.48%, while Japan’s Nikkei index closed down 1.04%.
** Manage energy sections of the loss. Anhui Hengyuan Coal Industry and Electricity Power Co. Ltd. hit its daily trading level, while Huolinhe Opencut Coal Industry Corp. Ltd. of Inner Mongolia, Shanxi Coking Coal Energy Group Co. Ltd and China Shenhua Energy Company Ltd. closed more than 5% lower.
** However, manufacturers of disposable hygiene products rose as China looked to strengthen measures to prevent such a new version of the coronavirus. Xiamen Yanjan New Material Co. Ltd. went up 20%, and Tianjin TEDA CO. Ltd. hit its daily trading level.
** The Trump administration on Monday released a list of Chinese and Russian companies with military ties according to a statement restricting them from purchasing a wide range of U.S. goods and technology.
** So far this year, the Shanghai stock index is up 10.1% and the CSI300 is up 21.2%, while China’s H-share index is listed in Hong Kong down 7.4% . Shanghai stocks have fallen 1.03% this month. (Reporting by Winni Zhou and Andrew Galbraith; Editing by Rashmi Aich)