From Business Recorder: 2024-04-16 01:19:43

China stocks fell as March economic indicators showed a slowdown, despite strong GDP data. CSI 300 Index dropped 1%, Hang Seng down 1.9%. US retail sales beat expectations, boosting the dollar. GDP growth at 5.3%, but weak domestic demand affecting momentum. Property developers, tourism, tech, and media stocks suffered losses.

Goldman Sachs calls for more policy easing. New rules on delisting hit small-cap stocks hard, with CSI 2000 down 5.4% and facing further pressure. Analysts recommend caution and await market stabilization for clearer trends.

Sources:
https://www.brecorder.com/news/40298656/china-stocks-rise-after-new-capital-market-guidelines



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