SSE Composite Index fell week-over-week
The SSE (Shanghai Stock Exchange) Composite Index fell by 0.20% week-over-week and ended at 3,092.35 points on September 25, 2015. The index fell as the flash reading of the Caixin/Markit Manufacturing PMI (purchasing managers’ index) indicated another contraction in the manufacturing activity.
The SSE Composite Index includes all of the listed stocks, A-shares and B-shares, on the Shanghai and Shenzhen Stock Exchanges.
A-shares are shares denominated in domestic currency—for example, the renminbi. They’re only available to local investors. In contrast, B-shares are shares denominated in a foreign currency—like the US dollar on the Shanghai Stock Exchange and in Hong Kong dollars on the Shenzhen Stock Exchange. They’re available to foreign investors.
Flash Caixin/Markit Manufacturing PMI
The flash reading of the Caixin China General Manufacturing PMI for September stood at 47. It was down from August’s final reading of 47.3. The production decreased because the total new orders fell sharply.
Weekly returns for China-focused mutual funds
The returns of all four mutual funds under review fell week-over-week.
The John Hancock Greater China Opportunities Fund – Class A (JCOAX) posted the highest negative return of -3.60%. It was followed by the Fidelity China Region Fund – Class C (FHKCX). It fell by -3.20%.