HONG KONG, Dec 5 (Reuters): China shares slipped from multi-week highs
on Thursday, led by telecoms equipment maker ZTE Corp as investors took
profits after Beijing issued long-awaited 4G licences to China's three
biggest mobile operators.
The Shanghai Composite Index, which ended on Wednesday at its highest since September 12, closed down 0.2 per cent at 2,247.1 points. The CSI300 of the leading Shanghai and Shenzhen A-share listings slipped 0.3 per cent.
ZTE's A-share listing tumbled 6 per cent in its biggest daily loss in six weeks, but is still up more than 62 per cent on the year, compared with the 2.2 per cent loss for the CSI300.
The Nasdaq-style ChiNext Composite Index of mostly technology start-ups listed in Shenzhen slid 2.5 per cent in a fourth-straight daily loss to close at its lowest in three weeks.
Warren Buffett-backed Chinese automaker BYD jumped 4.5 per cent in Shenzhen after the official Shanghai Securities Journal reported on Thursday that the second batch of cities to be admitted to a trial for vehicles running on clean energy may be released "soon", citing an industry insider.
The Shanghai Composite Index, which ended on Wednesday at its highest since September 12, closed down 0.2 per cent at 2,247.1 points. The CSI300 of the leading Shanghai and Shenzhen A-share listings slipped 0.3 per cent.
ZTE's A-share listing tumbled 6 per cent in its biggest daily loss in six weeks, but is still up more than 62 per cent on the year, compared with the 2.2 per cent loss for the CSI300.
The Nasdaq-style ChiNext Composite Index of mostly technology start-ups listed in Shenzhen slid 2.5 per cent in a fourth-straight daily loss to close at its lowest in three weeks.
Warren Buffett-backed Chinese automaker BYD jumped 4.5 per cent in Shenzhen after the official Shanghai Securities Journal reported on Thursday that the second batch of cities to be admitted to a trial for vehicles running on clean energy may be released "soon", citing an industry insider.
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