Reported about 1 month ago
Chinese stocks have fallen into a correction after a highly anticipated policy briefing did not provide the pro-growth stimulus investors were hoping for. The CSI 300 Index declined by 1.1%, with a total drop of about 11% since October 8. Despite the government's announcement of increased loan quotas for unfinished residential projects, investor confidence remains low, leading to skepticism about the effectiveness of existing stimulus measures. This continuing mismatch between market expectations and governmental actions suggests that the revival of the market may be delayed.
Source: YAHOO