Chinese Shares Open Lower as Investors Await Fed Signals
MT Newswires Live
Aug 28
Chinese shares opened lower on Friday ahead of U.S. Federal Reserve Chair Kevin Warsh's Jackson Hole speech.
The Shanghai Composite Index, the main gauge of Chinese stocks, declined 0.2% to 3,950.24. The Shenzhen Component Index edged down 0.2% to 14,019.28.
The market is awaiting Warsh's speech for fresh clues on the U.S. rate outlook, keeping investors cautious.
Market sentiment was also dampened by renewed U.S.-China tensions over Iran-related sanctions and concerns about elevated valuations in technology stocks.
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