Shanghai stocks hit lowest since 2016 as US Tariff list looms

The Shanghai Composite Index dropped to its lowest since September 2016 and a whisker away from the 3,000- point mark as the US prepared to release a list of goods upon which it will impose tariffs. The Shanghai Composite Index dropped to its lowest since September 2016 and a whisker away from the 3,000-point mark as the US prepared to release a list of goods upon which it will impose tariffs. The benchmark was down 0.9% at 3,016.57 as of the mid-day trading break on Friday, heading for a fourth straight weekly loss, its worse run this year. Kweichow Moutai Co. was the biggest drag on the gauge, which hasn’t dropped below 3,000 since 2016. The ChiNext measure of small cap and technology stocks fell 1.9%, while Hong Kong’s Hang Seng Index slipped 0.1%, erasing an earlier gain.

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