The Mainland China equity market closed session lower on Thursday, 24 May 2018, with caution prevailing on uncertainty over current trade negotiations between China and the U. S. after US President Donald Trump signalled a new direction in US-China trade talks and said any deal would need "a different structure.
Adding to investor worries, the Trump administration has launched a national security investigation into car and truck imports that could lead to new US tariffs similar to those imposed on imported steel and aluminium in March. The Shanghai Composite Index fell by 0.45%, or 14.31 points, to 3,154.65, while the CSI 300, which tracks the large caps listed in Shanghai and Shenzhen, fell by 0.71%, or 27.36 points, to 3,827.22. The Shenzhen Composite Index shed 0.42%, or 7.67 points, to 1,827.05, and the Nasdaq-style ChiNext was lower by 0.41%, or 7.57 points, to 1,838.40.
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