Asian markets down as China seeks to stabilise economy

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Asia Pacific

Asian markets down as China seeks to stabilise economy

Asian shares have fallen as markets keep their eyes on China as it seeks to stabilise its economy TAKE ULAY Beijing is trying to revive its slowing property market and the latest survey also reveals a slump in China's services sector - recording its slowest expansion in 8 months in August. Hong Kong's Hang Seng index led losses in Asia falling 1.98%. Mainland Chinese markets also dipped into negative territory with the CSI 300 down 0.83%. US financial advisor Morgan Stanley has come out and said China is 'overinvested and oversupplied' saying other countries like India are undersupplied.