Chinese stocks drop to four-year low

China Shows Its Pull Selling Dollar Bonds in Weak MarketMore

The Hang Seng index jumped 2.12 per cent, or 535.12 points to close at 25,801.49. Overnight, Chinese markets were hit extremely hard, with the Shanghai Composite plunging 5.22% to its lowest level in more than four years.

Hong Kong retail investors who trade callable bull/bear contracts actually made a profit overall. His comments came one day after China's minister for commerce, Zhong Shan, said "China doesn't want a trade war, but would rise up to it should it break out".

The benchmark Hang Seng Index traded between 25,286.86 and 25,835.76. Battery makers sank, as Jiangxi Ganfeng Lithium Co. dropped as much as 28% on its trading debut.

Around the region, MSCI's Asia ex-Japan stock index was 1.96 percent firmer, while Japan's Nikkei index closed up 0.46 percent.

One Shanghai-based trader expects the market will find some support given it has been losing altitude over several months, while United States stocks are falling from a high point.


The Hang Seng Index sank 3.5% on Thursday in its biggest plunge since February as nearly US$200 billion of value was erased from equities traded in Hong Kong.

The Shenzhen Composite Index, which tracks stocks on China's second exchange, plummeted 6.45 percent, or 89.15 points, to 1,293.90, the lowest point since September 2014.

KUALA LUMPUR - The Malaysian stock market ended higher here on Friday. The volume in the previous trading session was 19.72 billion.

In Sydney, the Australian ASX 200 index fell 2.43%.

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