China Stimulus Fails to Impress Stock Traders Fixated on Covid
- Benchmark CSI 300 Index slumps 2.3%, the most since May 6
- Hong Kong stocks also drop as border control measures to stay
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Chinese stocks slid again on Tuesday as a broad package of measures to support the economy underwhelmed investors who continue to fret over the nation’s strict Covid Zero policy.
The CSI 300 Index slumped 2.3%, the most since May 6, to be the worst-performing benchmark in Asia. The Hang Seng Index closed down 1.8% in Hong Kong after Chief Executive Carrie Lam said the financial hub will probably keep mandatory hotel quarantine requirements for incoming travelers until at least the end of June.