China Stocks Slide on Rocky Alaska Talks With U.S.
- CSI 300 lost as much as 3.1% before ending 2.6% lower Friday
- China, U.S. talks in Alaska quickly descended into bickering
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China’s stocks slumped, with the benchmark gauge capping its longest weekly losing streak since early 2016, after U.S. equities tumbled and high-level Sino-American talks in Alaska descended into bickering and recriminations.
The CSI 300 Index slipped 2.6% on Friday, the most since March 8, driven by declines in materials and consumer staples shares. High-value names such as liquor makers Kweichow Moutai Co. and Wuliangye Yibin Co. were among the biggest drags on the gauge, which completed a fifth week of losses.