China stocks ended lower on Thursday, weakened by financial and transport stocks, as investors were rattled about possible US military action against Syria. The blue-chip CSI300 index ended down 1 percent to 3,898.64 points, while the Shanghai Composite Index closed 0.9 percent lower at 3,180.16.
US president Donald Trump declared that missiles "will be coming" in Syria, taunting Russia for supporting Syrian President Bashar al-Assad after a suspectted chemical attack on rebels His comments raised the prospect of direct conflict over Syria for the first time between the two world powers backing opposing sides in the seven-year-old civil war, which has also escalated a rivalry between Saudi Arabia and Iran.
Main sectors fell across the board, with both banking and transport firms ending down 1.5 percent. Gold shares rallied as investors sought shelter, with Shandong Humon Smelting, which surged 9.8 percent following a 10 percent rise in the previous session.
The largest percentage gainers on the main Shanghai Composite index were Datang Telecom Technology Co Ltd, which gained 10.05 percent, followed by Sunny Loan Top Co Ltd, which jumped 10.04 percent and Xinjiang Youhao Group Co Ltd that rose 10.04 percent. The largest percentage losses on the Shanghai index were Zhengzhou Coal Industry & Electric Power Co Ltd, which shed 8.43 percent, followed by Xinjiang Sayram Modern Agriculture Co Ltd, which lost 6.85 percent and Henan Dayou Energy Co Ltd that slipped 6.06 percent.
About 14.82 billion shares were traded on the Shanghai exchange, roughly 89.1 percent of the market's 30-day moving average of 16.63 billion shares a day. The volume in the previous trading session was 17.59 billion.
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