China’s home prices fall the most on record! Chinese stocks tumble into correction

China’s home prices fall the most on record! Chinese stocks tumble into correction

Chinese stocks slumped into a correction after another much-anticipated policy briefing failed to deliver the kind of pro-growth stimulus that investors had been hoping for.

The CSI 300 Index ended the day 1.1% lower, taking its declines from an Oct. 8 high to about 11%. A Bloomberg Intelligence gauge of Chinese developer stocks tumbled more than 12%, on track to wipe out gains from the previous session. The Hang Seng China Enterprises Index dropped more than 1%.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *