China stocks slide as rebound pauses; property leads losses

From XM: 2024-05-08 01:05:08

China and Hong Kong stocks fell, led by property sector losses and concerns about U.S. interest rates. The CSI real estate index dropped 3%, erasing previous gains. Analysts warned of overbought signals, advising caution. Shanghai Composite was down 0.41%, with other sectors also in the red. Asian markets were affected, with the yuan weakening.



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