China shares slip, Minsheng reverses losses after Alibaba deal
HONG KONG, Sept 16
HONG KONG, Sept 16 (Reuters) - China shares posted a second-straight daily loss on Monday, as investors kept rotating out of the financial counters that led a strong rally in previous weeks.
The CSI300 of the leading Shanghai and Shenzhen A-share listings ended down 0.4 percent at 2,478.4 points. The Shanghai Composite Index slipped 0.2 percent.
China Minsheng Bank reversed midday losses, ending up 3.5 percent after announcing a strategic partnership with Alibaba Group at the midday trading break. (Reporting by Clement Tan; Editing by Richard Borsuk)
- Housing, jobs data weaken, but overall economic picture still upbeat
- Target cyber breach hits 40 million payment cards at holiday peak |
- 'Duck Dynasty' anti-gay fallout sparks debate on religion, tolerance
- UPDATE 3-Saab wins Brazil jet deal after NSA spying sours Boeing bid
- Zuckerberg to sell Facebook shares worth about $2.3 billion |