China Stocks in Limbo as Waning Economic Momentum Deters Traders
- CSI 300 Index has wiped out gains from state firms’ rally
- Turnover in mainland market has slipped below a key level
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Chinese equities are once again adrift after a frenzied rally in state-owned firms, leaving traders searching for catalysts to drive the next leg of gains.
The benchmark CSI 300 Index has erased a jump fueled by a rise in state-linked and artificial intelligence stocks as focus reverts to China’s lackluster economy. As a result, turnover in the mainland market has dipped below a key mark, while volumes in Hong Kong are also shrinking.