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China stocks market trades in red on Monday
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China stocks market trades in red on Monday

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Image result for China stocks trade in redChina’s stocks fall on Monday as a cooling pace of initial public offerings failed to offset large losses in financial and healthcare stocks.

The blue-chip CSI300 index fell 0.5 percent, to while the Shanghai Composite Index lost 0.4 percent.

The China Securities Regulatory Commission  approved on Friday only four IPOs to raise up to $220.48 million, down from 7 IPOs in the past week.

Expectations of the IPOs continuing at the pace seen in the past months had pressured the market, in particular those small-caps with relatively higher valuations.

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