China Stock Rebound Shows Cracks, Spoiling Traders’ Holiday Mood
- Hong Kong stocks slid on Friday, showing investor skepticism
- CSI 300 posted weekly gain amid hopes for more policy support
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A small-caps crash. Dizzying rebounds. And cooling gains. Yet another wild week for Chinese stocks has left investors yearning for more policy support as they remain unconvinced the market has reached a bottom.
Beijing’s intensified efforts to halt the equity rout helped the benchmark CSI 300 Index stage a sharp rebound but its gains slowed before the market shut for the Lunar New Year break. A slide in Hong Kong-listed Chinese shares on Friday further signaled that skepticism is still running high, dampening the holiday spirit.