NEWS: Technology sector correction drags the market
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China's stock market closed lower on Tuesday, dragged down by a correction in the share price of high-tech companies, while investors sought to clarify China US trade talks and the domestic economic outlook.
The Shanghai Composite Index. SSEC fell 0.87 percent to 2954.18, erasing a 0.85 percent gain last day. CSI300 fell 0.42%, while China's it index fell 2.62%.
Shanghai and Shenzhen 300 financial real estate index closed down 0.79%, Shanghai and Shenzhen 300 major consumer index closed up 1.43%, Shanghai and Shenzhen 300 real estate index closed down 0.84%, Shanghai and Shenzhen 300 medical and health index closed up 0.54%.
The Shenzhen composite index. Szsc fell 0.94% and the growth enterprise market index fell 1.046%.
Chinese state media on Tuesday called on investors to stay sane and not equate the government's support for the blockchain with the development of virtual currencies. Prior to the speech of President Xi Jinping, the related stocks and bitcoin prices in the block chain were soaring.