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China’s Stock Markets Plunge as Investors React to Economic Concerns
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BizTech
China’s Stock Markets Plunge as Investors React to Economic Concerns
China's CSI 300 index saw a sharp decline of 5.3% on Wednesday, its largest drop since 2020, amid growing investor worries over Beijing's economic policies. The Hang Seng index in Hong Kong also fell by 2.5%, extending losses from Tuesday’s worst day in 16 years. Disappointment over China's $28-billion stimulus package has fueled further volatility across Asian markets, while U.S. stocks posted gains, supported by easing oil prices.
October 9, 2024
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