Chinese Equities Extend Losses; August Industrial Profit Growth Cooled — Market Talk

Chinese equities extend their early losses after data showed a sharp slowdown in industrial profit growth in August. The Shanghai Composite Index is 1.7% lower at 3820.82 midday, the Shenzhen Composite Index drops 3.1%, and the ChiNext Price Index falls 4.3%. Investors are also digesting the Xi-Tru…