Chinese stocks near five-year low as recovery hopes fade due to regulatory concerns and slowing growth

From Google: 2024-09-08 23:12:00

Chinese stocks are on the verge of a five-year low as hopes for an economic recovery fade. The Shanghai Composite Index dropped 1.6% to its lowest level since July 2016. The technology-heavy ChiNext index fell 2.6%, reaching its lowest since February 2020. The decline comes amid concerns over regulatory crackdowns and slowing economic growth in China.



Read more at Google: Chinese Stocks on Verge of Five-Year Low as Recovery Hopes Fade – Yahoo Finance