Gold, coal and oil producers slump in China, extending markets losing streak to three days


China markets dropped for a third day, led by commodity shares after oil and metal prices dropped. 

The Shanghai Comprehensive Index declined 0.5 percent to 2597.60, ending the week with a 1.80 percent loss, the first in a month. The SME Comprehensive Index lost 0.15 percent to 4126.01. 

The Hang Seng Index dropped 0.80 percent to 17062.52. The Hang Seng Growth Enterprises Index advanced 1.60 percent to 548.22. The Hang Seng China Enterprise Index slid 1.37 percent to 9790.79. 

Taiwan's TAIEX Index climbed 0.28 percent to 6737.29.  

PetroChina (SH:601857;HK:0857), the nation’s largest company, lost 2.35 percent on Shanghai trading and 1.06 percent on Hong Kong trading. 

China Shenhua Energy Co.(SH:601088;HK:1088), the nation's largest coal producer, retreated 2.06 percent on Shanghai and 1.81 percent on Hong Kong. China Coal Energy Co.(SH:601898;HK:1898), the No. 2, fell 3.15 percent on Shanghai and 2.87 percent on Hong Kong. Kailuan Energy Chemical Co.(SH:600997) dropped to the 10 percent trading floor. 

Zijin Mining Group Co.(SH:601899;HK:2899), the nation's largest gold producer, lost 3.28 percent on Shanghai trading and 0.6 percent on Hong Kong trading.

Shandong Gold (SH:600547) dropped 3.53 percent.  

Aluminum Co.of China (SH:601600;HK:2600), the nation's largest producer of the metal, dropped 1.03 percent on Shanghai and 2.18 percent on Hong Kong. 

Jiangxi Copper (SH:600362;HK:0358), China's largest copper producer, declined 0.47 percent on Shanghai and 3.01 percent on Hong Kong.  

Venture capital related shares advanced today as preparations for the launch of China's growth enterprise board in Shenzhen are nearly completed.

Leaguer Stock Co.(SZ:000532), which has a stake in Zhuhai's Tsinghua Science and Technology Park,  added 3.83 percent. Shanghai Fudan Forward Science and Technology Co.(SH:600624) climbed 2.34 percent. 

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