Shanghai Composite Index falls 1.5% to one-month low
Crypto Briefing
The Shanghai Composite Index dropped 1.5% to a one-month low due to stable lending rates and mixed investor sentiment.Summary
The Shanghai Composite Index, China's main stock market benchmark, declined by 1.5% during Friday's trading session, reaching its lowest level in a month. This fluctuation was primarily attributed to the central bank's decision to maintain its lending rates and prevailing uncertain market sentiments among investors. The decline occurred despite earlier hopes for a policy-driven rebound and ongoing policy support, with brokerage stocks notably contributing to the overall pressure on the benchmark index.
(Source：Crypto Briefing)