China Stocks Slide to 10-Month Low as Growth Pessimism Persists
- MSCI China Index declines as much as 1.6% in Thursday trading
- Selloff shows Beijing’s efforts to restore confidence failing
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Chinese stocks extended their poor run on Thursday, pushing a key gauge to its lowest since November, as an exodus of foreign funds continued amid persistent concerns about the economy.
The MSCI China Index dropped as much as 1.6%, on track for a third consecutive week of losses. The Hang Seng Index and a gauge of major Chinese firms listed in Hong Kong also fell more than 1%. The onshore yuan weakened as much as 0.2%.