China stocks drift as tight liquidity offsets gains for state firms

SHANGHAI, Rabi’I 23, 1438, December 22, 2016, SPA — China’s main stock indexes barely moved on Thursday, Reuters reported.
The CSI300 index, which rose nearly 1 percent on Wednesday, fell 0.1 percent, to 3,335.81 points, while the Shanghai Composite Index lost 0.1 percent, to 3,140.15 points.
The Shanghai SOEs Index was up more than 0.6 percent at the close, bucking a broad downward trend.
Shares of index heavyweight PetroChina Co Ltd climbed to a nearly one-year intraday high on restructuring hopes.
11:43 LOCAL TIME 08:43 GMT