Chinese stocks extended this week’s rout as traders fretted over the economic fallout from the nation’s Covid-Zero strategy, with lower-than-expected policy stimulus adding to their disappointment.
The CSI 300 Index slumped 1.8% on Thursday -- capping a fifth day of losses -- as President Xi Jinping defended China’s lockdown-dependent approach to fighting the pandemic in a speech at the opening ceremony of the Boao Forum for Asia.
