Reported about 7 hours ago
Chinese stocks experienced their largest decline since February 2020, driven by skepticism regarding the government's stimulus measures and disappointing holiday spending data. The CSI 300 Index fell by 7.1% as investors expressed concern that Beijing's financial pledges were not translating into any substantial economic improvement. Market enthusiasm waned after a lack of significant new initiatives was announced during a key policy meeting, leading many strategists to call for tangible fiscal support to counteract an economic slowdown that may threaten growth targets for 2024.
Source: YAHOO