China stocks slip as Beijing maintains benchmark rates, impacting property and technology shares

From XM Group: 2024-06-20 00:57:25

China and Hong Kong stocks slipped as Beijing kept benchmark lending rates steady, impacting property shares. The CSI300 Index fell 0.5%, Shanghai Composite lost 0.3%, and Hang Seng dropped 0.5%. The one-year and five-year loan rates remained unchanged, limiting China’s monetary easing efforts. Chinese automakers sought retaliatory tariffs on European cars. Technology stocks in Hong Kong were down 1.4%.



Read more at XM Group: China stocks slip as Beijing stands pat on benchmark rates