SHANGHAI, Dec 26 (Reuters) – China stocks finished lower on Tuesday, dragged down by semiconductor shares, while gaming stocks stabilised after a slew of companies announced share buyback plans. The Hong Kong market is closed for a holiday. ** China’s blue-chip CSI300 Index and the Shanghai Composite Index both closed down 0.7%. ** Semiconductor and information technology shares led the decline, down 2.4% and 2%, respectively. ** Hangzhou Changchuan Techonology Co. and Sai Microelectronics Inc. lost 4.1% and 5%, respectively. ** At least eight China-listed gaming companies, including Perfect World Co, have announced share buyback plans worth as much as 780 million yuan ($109.17 million) in total to boost investor confidence and stabilise share prices across an industry shaken by…
Published Date: 2023-12-26
Source: Market Screener
Categories: Business, Investing, Stocks and Bonds, Electronics and Electrical, Import and Export
