The Mainland China equity market closed down after reversing early gains on Wednesday, 07 March 2018, as the market mood was dented by renewed fears of a trade war amid the departure of top economic adviser Gary Cohn from the Trump administration, a key advocate for free trade in the White House. Most sectors lost ground on Wednesday, while banking firms gained as the regulator planned to cut lenders' bad debt buffers.
At the close, the Shanghai Composite index was down 0.5% at 3,271.67. The blue-chip CSI300 index was 0.75% lower, with its financial sector sub-index down 0.41%, the consumer staples sector falling 1.35%, the real estate index sliding 1.59% and healthcare sub-index losing 0.83%.
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