Reported 3 days ago
Chinese stocks experienced a decline on the first trading day of the year, driven by investor apprehension stemming from weaker-than-expected manufacturing data and anticipated tariff increases with Donald Trump's presidency. The CSI 300 Index fell by 1.7%, while the Hang Seng China Enterprises Index dropped by 3.1%. Factors contributing to this cautious outlook include uncertainties about future tariffs, disappointing macroeconomic indicators, and the expected delay in policy stimulus until the upcoming legislative meetings in March.
Source: YAHOO