Chinese stocks suffer biggest drop since 2020 on stimulus skepticism

Quick Summary:

The CSI 300 Index plunged 7.

Chinese stocks suffer biggest drop since 2020 on stimulus skepticismThe CSI 300 Index plunged 7.

Stock investors have looked for greater fiscal spending to arrest a slowdown that threatens to put the country’s 2024 target of about 5 per cent growth out of reach.

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Article Details

Category: BusinessFinance

Markets: IndiaChinaHong KongMacauSingapore

Topics: Stock market China economy Chinese stock market China stock market

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-09 @ 23:59:10 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 914 words

Reading Time: 6 minutes read

Sentences: 30 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22970728

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Official Website: business-standard.com

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Year Established: 1975

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