China stocks end lower
23 November 2015, Nirapad News: China stocks ended lower on Monday, with the telecoms sector leading the decline, as investors remained cautious ahead of a fresh batch of listings. The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 0.6 per cent, to 3,753.34, while the Shanghai Composite Index lost 0.5 per cent to 3,610.31 points. Ten Chinese companies published prospectus filings on Monday indicating they would raise a combined 3.0 billion yuan ($469.70 million) via share sales, as China resumes initial public offerings, which were suspended during the summer market rout. Zhou Jintao, chief economist of China Securities Co Ltd, predicted that China’s economy would likely hit bottom in the first quarter next year, saying cyclical stocks are now worth investing in. All main sectors fell on Monday, with the exception of health care stocks.