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China Stocks Slide as Traders Return From Golden Week Holiday

From bnnbloomberg.ca

Chinese stocks fell on their return from the Golden Week holiday, hurt by a global equities selloff and bleak holiday-spending data that deepened concerns about an economic recovery. The benchmark CSI 300 Index fell as much as 0.8% to head for its lowest close since April 2020, before paring some of the losses. Tech and consumer discretionary sectors drove the decline. The Hang Seng China Enterprises Index of Chinese stocks in Hong Kong slid more than 2%. Grim reality faced mainland traders on Monday, with trends last week showing a sharp slide in holiday spending, a rebound in virus cases and no respite from the ... (full story)

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  • Category: Fundamental Analysis