Chinese stocks decrease as trade concerns rise due to consumer prices and US chip restrictions

From Finimize: 2024-06-12 01:24:35

Chinese stocks dropped as consumer prices rose by 0.3% year-on-year in May, missing expectations. Market concerns were further fueled by potential US chip technology restrictions. Experts advise comprehensive policies to boost domestic demand. The Shanghai Composite Index slipped slightly, while other indices experienced mixed performance. This could have global repercussions, impacting Asian markets and highlighting interconnectedness.



Read more at Finimize: Chinese Stocks Slip As Trade Concerns Loom Large