Chinese Stocks Slide to More Than Two-Year Low Ahead of Tariffs
- Shanghai Composite Index has retreated 12% in past month
- Trade war concerns will remain an overhang, analyst says
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China’s bear market slump deepened, with the Shanghai gauge closing at its lowest since March 2016, and the yuan resumed its decline as traders braced for U.S. tariffs.
The Shanghai Composite Index dropped 0.9 percent, extending its loss in the past four weeks to 12 percent. Hong Kong’s Hang Seng Index closed down 0.2 percent, paring a 1.5 percent retreat, while the offshore yuan fell 0.1 percent after a two-day advance.