Chinese mainland healthcare stocks drop by 4pc

Chinese stocks fell on Thursday on Sino-West tensions and as healthcare firms declined following investors' return after the Labour Day break, Reuters reports.

The blue-chip CSI300 index fell by 1.2 percent at 5,061.12, while the Shanghai Composite Index eased by 0.2 percent at 3,441.28 points.

The tech-heavy start-up board ChiNext dropped by 2.5 percent, while Shanghai's STAR50 index slipped by 0.9 percent.

The CSI300 healthcare index fell the most, down by 4.1 percent, as vaccine makers retreated after U.S. President Joe Biden threw his support behind waiving intellectual property rights for coronavirus vaccines.