Reported 11 months ago
Chinese stocks fell as traders returned from a holiday, impacted by weak travel spending and renewed worries about the property sector’s sustainability in China. The CSI 300 Index closed down 0.9%, the Hong Kong-listed Chinese shares gauge dropped by 2%, and electric vehicle makers awaited the European Commission’s decision on duties. Domestic tourism spending saw weaker momentum during the extended weekend, and concerns over the property market persisted despite government attempts to stabilize it. The stock market’s recent weakness has led to speculations about potential policy changes to support the economy.
Source: YAHOO