China Stock Rout Deepens as Data Stoke Recovery Concerns
- HSCEI gauge close to erasing gains from reopening rally
- Equities extend slide as China’s economic data disappoint
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A rout in Chinese stocks deepened Wednesday as a slew of disappointing economic data reinforced bearish sentiment toward the market.
The Hang Seng China Enterprises Index fell 3.9%, recording its worst day since October 2022. The CSI 300 benchmark for mainland shares slid 2.2% as foreigners sold 13 billion yuan ($1.8 billion) worth of stocks on a net basis, the most in more than a year.