China stocks fall as economic woes persist, foreign outflows increase, tensions rise with European brandy imports

From The Star Online: 2024-07-08 00:51:00

China stocks fell for the fifth day as investors await policy stimulus meetings. Shanghai Composite down 0.53% at midday, Hong Kong’s H-shares dropped 1.3%. Third Plenum set to discuss deepening reforms and modernization. Services activity at 8-month low, confidence at 4-year low. China investigates European brandy imports as tensions rise. Regulator vows to crack down on financial fraud, foreign outflows reach $1.91 billion. Markets down across sectors, foreign investors selling off shares. Asia ex-Japan stocks slightly up, Nikkei index rises 0.17%.



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