China stocks closed down due to concerns about US rates and tensions with Taiwan

From XM Group: 2024-05-24 05:08:08

China stocks closed down on Friday as strong U.S. economic data raised concerns about higher interest rates, dampening investor risk appetite. China also conducted war games around Taiwan to “seize power,” further impacting sentiment. Shanghai Composite down 0.88%, CSI300 down 1.11%, Hang Seng down 1.38%. Alibaba shares slipped 0.6% after announcing bond sale.



Read more at XM Group: China stocks close down on US rate concerns, Taiwan tensions