News Headline Summary

Shanghai Comp. trades below the key psychological level of 2,000

Update details:

- We did see an aggressive defense of the 2,000 level when the mainland index tested it back in late September of this year and the last time the index has traded firmly below the figure was back in early 2009 during the height of the sub-prime crisis.
- The move has been a gradual decline since the beginning of the session today.
- Worst performing sectors today in mainland China are telecommunications, consumer goods and health care.

Reaction details:

- Note, at 0544GMT the index has bounced after hitting a session low at 1,999.11.
- Now trades at 2001.29.

Print 05:25, 19 Nov 2012 - Asian News - Source: RANsquawk