(Feb 3): Chinese stocks fell on the only trading day of the week as the central bank raised interest rates in open-market operations and international concern grew over President Donald Trump’s policies. The Shanghai Composite Index retreated 0.6% to 3,140.170, led by energy and financial shares. The People’s Bank of China boosted the cost of some shorter-term repurchase agreements for the first time since 2013. Trump’s barrage of executive orders is fuelling concern he will follow through with a campaign promise to raise tariffs on Chinese imports. * Gauges of energy and financial stocks dropped more than 1% on China’s CSI 300 Index of companies listed in Shanghai and Shenzhen.

Source: The Edge Markets February 03, 2017 02:48 UTC