Chinese stocks erase gains as briefing lacks major stimulus
Chinese stocks erase gains as briefing lacks major stimulus
17/10/2024 6:16

Chinese stocks retreated sharply from session highs as a much-anticipated joint ministry briefing on property support gave traders little new reason to buy.

The CSI 300 Index slipped after rising as much as 1.3% earlier. A Bloomberg Intelligence gauge of Chinese developer shares extended losses to 7.3%. The Hang Seng China Enterprises Index trimmed its advance to 1.1%.

Source: Bloomberg

Related news

NEWSLETTER