Chinese Stocks Slump as Economic Concerns Spoil Investor Mood
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Chinese stocks dropped after traders returned from a long weekend as weak travel spending and renewed concern over the property sector reinforced worries over the sustainability of China’s economic recovery. The CSI 300 Index of mainland shares slipped as much as 1.4% after markets reopened from the Dragon Boat Festival holiday. A gauge of Hong Kong-listed Chinese shares was among the biggest decliners in Asia, falling as much as 2%. Geopolitical risks weighed on shares of electric vehicle makers as traders awaited the European Commission’s decision of provisional duties expected this week. A measure of companies listed on the Shanghai stock exchange was close to falling below a key psychological level for the first time since late-March on a closing basis.

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https://www.bloomberg.com/news/articles/2024-06-11/chinese-stocks-slump-as-economic-concerns-spoil-investor-mood