Chinese stocks fell after weak US factory data, impacted by trade war and economic concerns

From Google: 2024-08-02 02:44:24

China stocks fell following weak US factory data, with the Shanghai Composite down by 0.9%. This came after US factory activity shrank to its lowest level in a decade. Concerns over the US-China trade war and global economic slowdown weighed on investors. The Hang Seng Index also dropped by 0.8%.

Investors are becoming more cautious as the US-China trade war shows no signs of abating. The uncertainty is causing volatility in global markets, with many fearing a prolonged economic slowdown. The weak factory data from the US added to concerns, causing Chinese stocks to fall even further.

The Chinese government is trying to stimulate its economy as growth continues to slow down. They have cut taxes, increased infrastructure spending, and provided monetary easing measures. However, the US-China trade war is a major obstacle to China’s economic growth, leading to further uncertainty and market volatility.



Read more at Google: China Stocks Dip Following Weak US Factory Data – Finimize