SHANGHAI: China stocks fell on Monday as tech plays succumbed to a sell-off in the U.S. and other Asian markets, and as investors worried that tighter credit will drag on corporate profitability and economic growth in coming months.
The blue-chip CSI300 index ended little changed at 3,574.39 points, while the Shanghai Composite Index lost 0.6 percent to 3,139.88.
Tech shares dropped sharply, following a sell-off on Wall Street on Friday triggered by concerns about Apple’s new iPhones and a cautious Goldman Sachs report about the sector.(Reuters)
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