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2021-08-05

China stocks fall as constraining fears hit sentiment

SHANGHAI, Aug 5 (Reuters) - China shares fell on Thursday, as investors took cues from state media r

China stocks fall as constraining fears hit sentiment

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New Technology Industries and Anhui Anke Biotechnology (Group) Co tumbled, after state media issued a new warning that such products do damage to people's health.</p>\n<p>In addition, investors dumped spirit makers, including Kweichow Moutai Co and Luzhou Laojiao Co, as they were spooked by an article on the Ministry of Science &amp; Technology's website that linked alcohol with some types of cancers.</p>\n<p>(Reporting by Shanghai Newsroom; Editing by Rashmi Aich)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2157438810","content_text":"SHANGHAI, Aug 5 (Reuters) - China shares fell on Thursday, as investors took cues from state media reports to dump online gaming companies, fertilizer producers and spirit makers, worried these sectors could be the next target of a government constraining.\nRisk appetite is also curbed by concerns over the fresh outbreak of COVID-19, as the delta variant spreads in the country.\nThe blue-chip CSI300 index fell 0.6% to end at 4,948.67, while the Shanghai Composite Index lost 0.3% to 3,466.55.\nOnline gaming stocks, which slumped on Tuesday after a state media report labelling the industry \"spiritual opium\", fell further, as official Securities Times called for healthy development of the sector.\nGaming stocks including Perfect World , Youzu Interactive and Wuhu Sanqi Interactive Entertainment Network Technology all dropped.\nInvestors also scrambled to exit chemicals makers such as Luxi Chemicals Group and Yunnan Yuntianhua Co\non news that China is probing into chemical fertilizer companies over price gouging.\nGrowth hormone stocks, including Changchun High & New Technology Industries and Anhui Anke Biotechnology (Group) Co tumbled, after state media issued a new warning that such products do damage to people's health.\nIn addition, investors dumped spirit makers, including Kweichow Moutai Co and Luzhou Laojiao Co, as they were spooked by an article on the Ministry of Science & Technology's website that linked alcohol with some types of cancers.\n(Reporting by Shanghai Newsroom; 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